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The British Pound strengthened against the Greenback, following the UK Current Account data release on Friday. The GBR/USD currency pair gained 22 pips, or 0.17%, to continue fluctuating in the 1.3167 area.
The Office for National Statistics released the quarterly UK Current Account data that came out better-than-expected of negative 17.7B. The difference in value between imported and exported goods has improved during the last three periods.
Gary Howes stands: "The increase in exports of goods was due to exports of finished manufactured goods increasing by £0.8 billion to a record £47.6 billion, which has been a result of a rise in the exports of cars, along with exports of oil increasing by £0.4 billion..."
| Historical Data Table: UK Current Account q/q | Economic Calendar for 29.06.2018 | ||||||||
| Date | 30.06.2017 | 29.09.2017 | 22.12.2017 | 29.03.2018 | 29.06.2018 | 12:30 PM | Canadian GDP m/m | ||
| Actual | -16.9B | -23.2B | -19.2B | -18.4B | -17.7B | 12:30 PM | US Personal Spending m/m | ||
| Forecast | -17.2B | -15.8B | -21.5B | -24.0B | -18.0B | 2:00 PM | US R. UoM Consum. Sentiment | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.3124 | 1.31458 | 0.17% | GBP/USD | 67.04% | 32.96% | |||
| EUR/GBP | 0.88622 | 0.88457 | -0.19% | EUR/GBP | 28.75% | 71.25% | |||
| GBP/CAD | 1.7353 | 1.73812 | 0.16% | GBP/CAD | 26.38% | 73.62% | |||
| GBP/JPY | 145.267 | 145.521 | 0.17% | GBP/JPY | 52.08% | 47.92% | |||