Pound increased as US GDP growth forecast declines

Note: This section contains information in English only.
Source: Forexpros
© Scanpix/AP

The pound covered losses against USD after six-week low. US government announced a cut in US GDP growth forecast that caused greenback's decline against pound.   GDP/USD rose by 0.07% to 1.5654. However, the pound was slightly lower against other currencies. EUR/GDP increased by 0.18% reaching 0.8639.

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