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Euro remains firm against British Pound after UK growth data
The EUR/GBP cross holds positive ground near 0.8475 during the early European trading hours on Thursday. The British Pound (GBP) weakens against the Euro (EUR) following the UK economic data.
United Kingdom Total Trade Balance increased to £-1.044B in May from previous £-8.435B
United Kingdom Total Trade Balance increased to £-1.044B in May from previous £-8.435B
United Kingdom Index of Services (3M/3M) above forecasts (0.6%) in May: Actual (0.7%)
United Kingdom Index of Services (3M/3M) above forecasts (0.6%) in May: Actual (0.7%)
United Kingdom GDP grows by 0.1% MoM in May, as expected
The UK Gross Domestic Product (GDP) grew by 0.1% MoM in May, following a 0.1% decline reported in April, the latest data published by the Office for National Statistics (ONS) showed on Thursday.
United Kingdom Goods Trade Balance came in at £-18.66B, above expectations (£-23.6B) in May
United Kingdom Goods Trade Balance came in at £-18.66B, above expectations (£-23.6B) in May
United Kingdom Trade Balance; non-EU up to £-7.14B in May from previous £-13.048B
United Kingdom Trade Balance; non-EU up to £-7.14B in May from previous £-13.048B
United Kingdom Manufacturing Production (YoY) above forecasts (1.9%) in May: Actual (2.3%)
United Kingdom Manufacturing Production (YoY) above forecasts (1.9%) in May: Actual (2.3%)
United Kingdom Industrial Production (MoM) below forecasts (-0.1%) in May: Actual (-0.5%)
United Kingdom Industrial Production (MoM) below forecasts (-0.1%) in May: Actual (-0.5%)
United Kingdom Industrial Production (YoY) below forecasts (1.2%) in May: Actual (1%)
United Kingdom Industrial Production (YoY) below forecasts (1.2%) in May: Actual (1%)
United Kingdom Manufacturing Production (MoM) came in at 0.1%, above forecasts (-0.2%) in May
United Kingdom Manufacturing Production (MoM) came in at 0.1%, above forecasts (-0.2%) in May
United Kingdom Gross Domestic Product (MoM) meets forecasts (0.1%) in May
United Kingdom Gross Domestic Product (MoM) meets forecasts (0.1%) in May
Indian Rupee falls further amid higher oil prices, FIIs extend selling streak
The Indian Rupee (INR) trades lower against the US Dollar (USD), extending its losing streak for the third trading day on Thursday. The USD/INR pair rises to near 96.32 as elevated crude oil prices have renewed fears of higher foreign outflows.
GBP/USD Price Forecast: Maintains constructive uptrend above 1.3500 despite mild losses
The GBP/USD pair trades with mild losses around 1.3535 during the early European trading hours on Thursday.