Pound Rises Ahead Of UK GDP, Industrial Output Data
June 10 2019 - 12:29AM
RTTF2
At 4.30 am ET Monday, the Office for National Statistics
publishes UK GDP, industrial output and foreign trade data. The
economy is forecast to expand 0.4 percent in three months to April
from the previous three months.
Economists forecast UK industrial output to fall 1 percent
month-on-month in April, reversing a 0.7 percent rise in March. The
visible trade deficit is seen at GBP 13 billion in April compared
to GBP 13.65 billion a month ago.
Ahead of these data, the pound rose against its major
counterparts.
The pound was worth 1.2599 against the franc, 1.2720 against the
greenback, 138.22 against the yen and 0.8883 against the euro as of
4:25 am ET.
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