Pound Mixed Ahead Of U.K. GDP Data
At 2.00 am ET Friday, the Office for National Statistics is
scheduled to issue UK quarterly GDP, industrial production and
foreign trade figures. The British economy is forecast to grow 0.5
percent sequentially in the fourth quarter, slower than the 16
percent increase seen in the third quarter.
Ahead of these data, the pound traded mixed against its major
counterparts. While it was steady against the dollar and the franc,
it rose against the yen. Against the euro, it fell.
The pound was valued at 1.3793 against the greenback, 144.57
against the yen, 1.2283 against the franc and 0.8789 against the
euro as of 1:55 am ET.