The Pound Sterling (GBP) ticks lower against the US Dollar (USD) in Wednesday’s London session but still holds onto Tuesday’s gains above the key support level of 1.2300.
The Pound Sterling (GBP) quickly gave back yesterday’s gains made on the better-than expected CPI data and has slipped a bit more today after November GDP disappointed, rising 0.1% M/M, versus 0.2% expected, on weaker industrial activity, Scotiabank’s Chief FX Strategist Shaun Osborne notes, Scotiab
The Pound Sterling (USD) is down marginally on the session but, like many of its G10 counterparts, the pound has settled into a tight trading range into the end of the week, Scotiabank’s Chief FX Strategist Shaun Osborne notes.