British pound moderately slumps after lackluster UK GDP data

British pound moderately slumps after lackluster UK GDP data

On Wednesday, the British pound moderately dipped versus the evergreen buck after data disclosed that British economic surge managed to pick up modestly during the second quarter of 2017, with the service sector powering surge.

The currency pair GBP/USD hit 1.3016, having reached a maximum of 1.3084.

The Office for National Statistics informed that the country’s GDP rallied by 0.3% for the three months to June, and from 0.2% surge in the first three months of 2017, which fits forecasts.

In the first quarter the UK economy managed to expand by 1.7% from 2.0% on a year-over-year basis. It fits forecasts too.

The UK service sector powered surge with output ascending by 0.5%, though industrial output lost by 0.4%, construction output dipped by 0.9%.

As some financial experts state, according to the report, the UK economy has faced a considerable slowdown in the first half of 2017.

The currency pair EUR/GBP tumbled 0.18% being worth 0.8925.

Similar

Popular

Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera