Pound Holds Near 1.3500 as UK GDP Shows Encouraging Activity
GBP/USD is directionless near 1.3500 after UK Q2 and June GDP data showed encouraging activity, according to BBH's Elias Haddad.
GBPUSD
Sterling is trading around 1.3500 against the dollar without clear direction, according to Brown Brothers Harriman’s Elias Haddad.
UK second-quarter and June GDP figures pointed to solid activity. Growth was driven by investment and consumption, while government spending was also mentioned in the data.
The pound’s muted reaction suggests limited near-term BoE impact from the data.
Source: FXStreet Forex News