Pound Rises Ahead Of U.K. GDP Data
October 27 2016 - 12:25AM
RTTF2
At 4:30 am ET Thursday, the Office for National Statistics is
set to issue third quarter GDP data. Economists forecast U.K. GDP
to expand 0.3 percent sequentially, slower than the 0.7 percent
growth in the prior quarter.
Ahead of the data, the pound rose against its major rivals.
As of 4:25 am ET, the pound was trading at 0.8923 against the
euro, 1.2142 against the Swiss franc, 1.2224 against the U.S.
dollar and 127.92 against the yen.
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