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The pound continues to dive after dollar ‘sucker punch’





pound

  • UK GDP estimates in-line: a quarterly growth of 0.4% and annual growth of 1.3%.
  • The figures failed to revive the pound, which hit a fresh year low against the dollar on Friday morning.
  • Sterling is suffering from “no deal” Brexit fears and a strong dollar.

LONDON — In line UK GDP growth in the second quarter failed to revive the bombed-out pound on Friday.

The UK Office for National Statistics said on Friday morning that its preliminary estimate for UK GDP growth in the second quarter was 1.3%, in line with economists’ forecasts and up from 1.2% in the first quarter. Quarter-on-quarter growth came read more >>>

Source:: BusinessInsider.Com

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