British Pound stalls as UK GDP shrinks, diplomacy boosts risk mood
The Pound Sterling turned negative on Friday against the US Dollar after data from the UK showed the economy contracted in April, while an agreement between the US and Iran improved risk appetite. Yet the Greenback erased its earlier losses and traded above its opening price. At the time of writing, the GBP/USD trades at 1.3413, virtually unchanged. Read More…
British Pound picks up as Iran peace hopes offset soft UK GDP data
TheBritish Pound(GBP) maintains a moderately positive tone against the US Dollar (USD) on Friday, as investors’ optimism about a US-Iran peace deal has offset rather uninspiring UK data. Bulls are testing the key 200-day SMA at 1.3415 at the moment, after bouncing from lows just above 1.3300 on Thursday. Read More…
British Pound responds slightly positive to 0.1% decline in UK GDP in April
TheBritish Pound(GBP) attracts slight bids against its major currency peers after the release of the United Kingdom (UK) monthly Gross Domestic Product (GDP) data for April. The GBP/USD claws back a majority of its early losses and rebounds to near 1.3410. Read More…
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