The Great Britain pound was steady today following the release of economic indicators over the Friday’s trading session.
Britain’s trade deficit narrowed by £1.2 billion to £11.8 billion in July, matching expectations. Construction output showed no growth in July — not a bad result considering that experts had anticipated the same 1% drop as in the preceding month. The survey performed by the Bank of England showed that inflation expectations ticked up to 2.2% in August compared to the previous survey performed in May that showed a reading of 2.0%.
GBP/USD close to its opening level of 1.3293 as of 9:40 GMT today after rising to the daily high of 1.3335. EUR/GBP was at about 0.8476 after opening at 0.8468.
If you have any questions, comments or opinions regarding the Great Britain Pound,
feel free to post them using the commentary form below.