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Forex News: Pound Recovers Ahead Of UK GDP Data

Pound Recovers Ahead Of UK GDP Data

10/25/2017 - 04:25:00 (RTTNews)

(RTTNews) - The Office for National Statistics publishes UK GDP data for the third quarter at 4:30 am ET Wednesday. The economy is forecast to expand 0.3 percent on quarter, the same rate as seen in the second quarter.

Ahead of the data, the pound recovered from its early lows against its major rivals.

The pound was worth 1.3121 against the greenback, 149.41 against the yen, 1.3002 against the franc and 0.8967 against the euro as of 4:25 am ET.

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