Trade n Trend

Home » Pound » GBP/USD gain after UK’s data

GBP/USD gain after UK’s data

The GBP/USD pair has seen its upside renewed after UK’s GDP figures have surprised markets to the upside today, showing that the economy has expanded at an annual pace of 2.1% (vs. 1.9% exp.) and 0.6% inter-quarter (vs. 0.5% exp.) during October-December 2015.

Further data saw UK’s Current Account deficit at £32.7 billion during the same period, more than the initially forecasted at £21.1 billion and at record highs.

GBP/USD Spot has thus managed to regain the 1.4400 neighborhood in the wake of the releases, bouncing off daily lows near 1.4330.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: