Market Overview

GBP/USD Little Changed, BOE in Focus


GBP/USD is trading at 1.2156, up 0.0002.

The pair is trading rangebound as overseas forex traders prepare to wind down trading for the day.

The U.K. National Institute of Economic and Social Research (NIESR) forecast that U.K. GDP (gross domestic product) for the three month period ending in February rose 0.6 percent versus 0.7 percent on the previous report.

Chatter about the Bank of England (BOE) Monetary Policy meeting next week is making the rounds.

In other Forex Markets;
The June U.S. Dollar Index is trading at 101.55, down 0.17.
EUR/USD is trading at 1.0630, up 0.0050.
USD/JPY is trading at 115.06, down 0.06.
USD/CAD is trading at 1.3458, down 0.0048.
AUD/USD is trading at 0.7542, up 0.0035.
USD/CNY is trading at 6.9051, down 0.0037.


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Posted-In: british pound GBP/USDFutures Forex Markets