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Thomson Reuters
Aug 10 - 07:24 AM
GBP/USD - Stays Close To 14-Month Low After UK June GDP Miss
First appeared on eFXplus on Aug 10 - 05:05 AM
  • GBP remains on the back-foot after weaker than expected UK June GDP number
  • Up 0.1% vs +0.2% f/c. Q2 GDP +0.4%, as expected nS8N1US00M
  • 1.2734 was 14-month low for cable ahead of the UK data nL1N1V1052
  • Heightened risk of a "no-deal Brexit" has hit the pound hard this week
  • GBP/USD was at 1.3000 at Monday's open (1.2975 was last week's low)
  • GS sees orderly Brexit with May getting deal through parliament nL5N1V11RD

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