Thu, 31 Jul 2014 08:58:13 GMT
GBP/USD slips on firm U.S. growth report
The Sterling
depreciated against the Greenback following
the data the U.S. economy overshoot the
expectations in the second quarter, fueling rumours the Fed will
increase interest rates earlier than projected. The Cable was trading
at 1.6900 during the U.S. trading session, above the low at 1.6889 and below the high at 1.6955. The Commerce
Department announced the U.S. GDP grew at the annual rate of