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Thomson Reuters
Sep 28 - 07:24 AM
GBP/USD - Drops To Two-Week Low After Disappointing UK Data
First appeared on eFXplus on Sep 28 - 05:00 AM
  • Cable slid to 1.3035 on the back of disappointing UK economic data
  • Q2 business investment -0.7 pct vs preliminary reading of +0.5 pct
  • Q2 C/A deficit GBP 20.317bln vs 19.4bln f/c. GDP +1.2 pct YY vs +1.3% f/c
  • 1.3035 = two-week low (1.3028 = Sept 13 low). 1.3059 was pre-UK data low
  • Drop to 1.3059 spurred by EUR/USD weakness on Italy news
  • BoE's Ramsden to speak at 1320GMT. BoE seen on hold through Brexit

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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