Pound Sterling positive factors after upbeat UK knowledge, scorching US PPI
The Pound Sterling (GBP) gyrates in a good vary close to 1.3060 towards the US Greenback (USD) in Friday’s North American session. The GBP/USD pair stays sideways regardless of the discharge of the hotter-than-expected United States (US) annual US Producer Value Index (PPI) knowledge for September. Learn Extra…
UK GDP rises 0.2% MoM in August, as anticipated
The UK economic system expanded by 0.2% over the month in August, having stagnated for the second consecutive month in July, the most recent knowledge printed by the Workplace for Nationwide Statistics (ONS) confirmed on Friday. The studying matched the market consensus of 0.2% development within the reported interval. Learn Extra…
GBP/USD consolidates round mid-1.3000s, appears susceptible forward of UK knowledge
The GBP/USD pair struggles to capitalize on yesterday’s modest bounce from the 1.3020 space or a one-month low and oscillates in a slender band in the course of the Asian session on Friday. Spot costs at the moment hover round mid-1.3000s, unchanged for the day, and appear susceptible to prolonging the current retracement slide from the best stage since March 2022 touched final month. Learn Extra…