Fri, 08 Aug 2014 15:37:07 GMT
GBP/USD close to 2-month low
The
Sterling dropped to almost two-month low versus the Greenback today,
following the issue of the unsatisfactory trade balance figures,
whereas the geopolitical risks kept on fueling the safe-heaven
demand. The Cable consolidated at 1.6813 today, sliding 0.11%. The
data indicated the U.K. trade deficit increased to £9.41
billion in June, while the economists projected the deficit to narrow
down to £8.80 billion.