Pound Mixed Ahead Of U.K. Data
May 11 2017 - 12:25AM
RTTF2
At 4:30 am ET Thursday, the Office for National Statistics
publishes U.K. industrial and construction output data and foreign
trade figures for March. Economists forecast industrial output to
fall 0.4 percent on month in March, following a 0.7 percent drop in
February. The visible trade deficit is seen narrowing to GBP 11.6
billion in March from GBP 12.46 billion in the prior month.
Ahead of the data, the pound showed mixed trading against its
major rivals. While the pound fell against the U.S. dollar, the
Swiss franc and the euro, it held steady against the yen.
As of 4:25 am ET, the pound was trading at 0.8416 against the
euro, 1.3032 against the Swiss franc, 1.2932 against the U.S.
dollar and 147.69 against the yen.
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