Pound Recovers Ahead Of U.K. GDP Data
June 11 2020 - 8:58PM
RTTF2
At 2.00 am ET Friday, the Office for National Statistics
publishes GDP data, industrial production and foreign trade figures
for April. The UK economy is forecast to contract 18.7 percent on
month, following a 5.8 percent decrease in March.
Ahead of these data, the pound recovered from early lows against
its major counterparts.
The pound was valued at 135.18 against the yen, 0.8976 against
the euro, 1.2599 against the greenback and 1.1898 against the franc
as of 1:55 am ET.
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