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The British Pound weakened against the Greenback, following the UK Second Estimate GDP data release on Friday. The GBP/USD currency pair lost 2 pips, or 0.01%, to continue fluctuating in the 1.3362 area.
The Office for National Statistics and UK Finance simultaneously released 4 data sets, where the most important or Second Estimate Gross Domestic Product data came out in line with the economists forecast of 0.1%, which was one of the main reason for currency price to stay flat.
Prelim Business Investment data came out lower-than-expected of negative 0.2%, compared to 0.3% in the previous period. Index of Services stayed in line with the forecast and High Street Lending came out just a little bit better-than-expected.
| Historical Data Table: UK Second Estimate GDP q/q | Economic Calendar for 25.05.2018 | ||||||||
| Date | 25.05.2017 | 24.08.2017 | 23.11.2017 | 22.02.2018 | 25.05.2018 | 12:30 PM | US Core Durable Goods Orders | ||
| Actual | 0.20% | 0.30% | 0.40% | 0.40% | 0.10% | 12:30 PM | US Durable Goods Orders | ||
| Forecast | 0.30% | 0.30% | 0.40% | 0.50% | 0.10% | 1:20 PM | US Fed Chair Powell Speaks | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.33454 | 1.33444 | -0.01% | GBP/USD | 65.81% | 34.19% | |||
| EUR/GBP | 0.87721 | 0.87739 | 0.02% | EUR/GBP | 44.47% | 55.53% | |||
| GBP/CAD | 1.72154 | 1.72141 | -0.01% | GBP/CAD | 63.86% | 36.14% | |||
| GBP/JPY | 146.055 | 146.047 | -0.01% | GBP/JPY | 45.72% | 54.28% | |||