Today traders await the US inflation data to be out at 15:30 MT. Jump in to get fresh trade ideas for today!
Trade GBP on economic news
Brexit keeps looming over the UK economy creating uncertainty for the British pound. British economic growth rebounded in the second quarter as retail sales and construction benefited from a warm weather boost. However, problems remain. For example, the nation’s manufacturing sector slumped into recession. Recently Britain has started publishing GDP growth figures every month. These data will have a great impact on the Bank of England’s monetary policy and the GBP exchange rate.
• If GDP growth exceeds forecast, the GBP will gain.
• If GDP growth disappoints, the GBP will fall.
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The relationship between the US and Turkey is not going well. Neither do things for the Turkish lira.