GBP/USD rises to 1,3300 as the United Kingdom economy grows above forecasts
The sterling pound extended its profits against the US dollar, driven by a positive reading of economic growth in the United Kingdom and softer data than expected in the US, which fed the speculation of a slower economic landscape. At the time of writing, the GBP/USD quotes at 1,3293, rising 0.31%. Read more…
The sterling pound exceeds the US dollar for the weak US IPP and the United Kingdom Optimistic GDP data
The sterling pound (GBP) jumps slightly above 1,3300 against the US dollar in the negotiation hours of North America. The GBP/USD torque gains ground as the US dollar faces sales pressure after the publication of the US Production Price Index (IPP) for April, which was weaker than expected. Read more…
GBP/USD advances around 1,3300 before the GDP data of the United Kingdom Q1
The GBP/USD is bouncing of recent losses, quoting about 1,3280 during the Asian session on Thursday. The torque benefits from a weaker US dollar (USD), since investors weigh the uncertainties related to trade despite a slight decrease in tensions. Market attention now focuses on the publication of US retail sales data and production price index (IPP) later a day. Read more…
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
