Pound Rises Ahead Of U.K. GDP Data
00:25, 27th October 2016
(RTTNews) - At 4:30 am ET Thursday, the Office for National Statistics is set to issue third quarter GDP data. Economists forecast U.K. GDP to expand 0.3 percent sequentially, slower than the 0.7 percent growth in the prior quarter.
Ahead of the data, the pound rose against its major rivals.
As of 4:25 am ET, the pound was trading at 0.8923 against the euro, 1.2142 against the Swiss franc, 1.2224 against the U.S. dollar and 127.92 against the yen.
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