GBP reacts to GDP data

Note: This section contains information in English only.
Source: Dukascopy Bank SA


On Wednesday, at 06:00 GMT, the UK Preliminary GDP data was released. The results came in at -1.5% instead of the market forecast -1.6%. Due to this reason, the value of the British Pound adjusted to the upside.

On the GBP/USD this resulted in a 13 base point move up.
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Wed, 12 May 2021 12:52:12 GMT

USD surges due to CPI

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