British Pound At Multi-Year Lows

U.K.'s British Pound against the U.S. dollar is trading at multi-year lows. GBP/USD is trading at 1.4638, down 0.0076. U.K. GDP growth came out steady at 0.6 percent in the first quarter, unchanged from the fourth quarter. Market talk about upcoming U.K. elections, U.K. balance of trade and continued market talk about U.S. monetary policy has led to selling on Friday extending losses from Thursday. Market chatter about next week's U.S. economic data and U.K. data is just beginning. Next Tuesday, UK CPI and PPI data is due out at 4:30 a.m. ET.