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Thomson Reuters
Aug 10 - 06:12 AM
GBP/USD - Drops To 14-Month Low Before UK Q2 GDP Data
First appeared on eFXplus on Aug 10 - 04:05 AM
  • GBP under pressure ahead of a raft of UK economic data releases at 0830GMT
  • Cable down to 1.2734, its lowest level since June 2017
  • 1.2773 was early Ldn low, when USD/TRY jumped to threaten 6.50 nL1N1V104G
  • EUR/GBP up to 0.8991 vs 0.8937 3-day low after EUR/USD broke below 1.1500
  • Heightened risk of a "no-deal Brexit" continues to weigh on the pound
  • UK Q2 GDP f/c +0.4%. June industrial output f/c +0.4%, mfg output f/c +0.3%

UK data: Click here

Source:
Thomson Reuters IFR Markets

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