Pound Mixed Ahead Of U.K. GDP Data
August 11 2020 - 9:57PM
RTTF2
At 2.00 am ET Wednesday, the Office for National Statistics is
set to issue UK quarterly GDP, industrial production and foreign
trade data. The economy is forecast to contract 20.5 percent
sequentially in the second quarter after easing 2.2 percent in the
first quarter.
Ahead of the data, the pound traded mixed against its major
counterparts. While it rose against the franc, it was steady
against the rest of major rivals.
The pound was worth 139.08 against the yen, 1.1983 against the
franc, 1.3036 against the greenback and 0.8993 against the euro as
of 1:55 am ET.
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