Mixed data: UK GDP growth for Q2 was surprisingly revised to the upside, to 0.9%, while y/y it remained unchanged at 3.2%. However, the current account deficit soared to 23.1 billion pounds. GBP/USD is ticking higher after the publication, but certainly not going anywhere fast. Update: after the initial rise, GBP/USD is turning lower and trading at 1.6250. The UK was expected to report a current account deficit of 16.9 billion in Q2 2014, lower than 18.5 billion originally reported for Q1. GDP growth was expected to be confirmed at +0.8% in the third and final release. GBP/USD traded around 1.6262 towards the publication. More data: the Index of Services was expected to rise by 1% and came out as expected. Revised business investment to be downgraded to 4% after 5% originally reported, but it was downgraded all the way to 3.3%. Since the dust from the Scottish Referendum faded away, the pound still suffered from the strength of the US dollar, but held on quite well against other currencies. Some support awaits at 1.6230, with 1.63 working as resistance. For more, see the GBPUSD prediction. Tomorrow, in the wake of the new quarter, we have fresh purchasing managers’ indices that are set to rock the pound. The BOE convenes only next week. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EUR/USD Sep. 30 – Depressed in low range ahead of Yohay Elam 7 years Mixed data: UK GDP growth for Q2 was surprisingly revised to the upside, to 0.9%, while y/y it remained unchanged at 3.2%. However, the current account deficit soared to 23.1 billion pounds. GBP/USD is ticking higher after the publication, but certainly not going anywhere fast. Update: after the initial rise, GBP/USD is turning lower and trading at 1.6250. The UK was expected to report a current account deficit of 16.9 billion in Q2 2014, lower than 18.5 billion originally reported for Q1. GDP growth was expected to be confirmed at +0.8% in the third and final release. GBP/USD traded around… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
