The second estimate of UK GDP was expected to confirm the initial read of 0.3% q/q and 1.7% y/y. The level of investment was expected to rise by 0.2% and services by 0.5%. GBP/USD was bouncing from the lows, moving above 1.28 ahead of the publication. But in general, Sterling is weak. EUR/GBP is trading [...]
The post UK revised GDP Q2 confirmed at 0.3% q/q, 1.7% y/y – GBP/USD retreats appeared first on Forex Crunch.
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