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UK Economic Data - Pound firms as UK growth fillip eases recession fears
The pound broke the $1.23 mark against the dollar, as data showed a strengthening of the UK economy in July but Brexit uncertainty continued to weigh on the FTSE 100. Sterling climbed 0.1% to $1 ...
UK: Broad-based strength in GDP – TD Securities
EUR/USD extends the upside towards 1.1050 amid broad-based US dollar weakness and upbeat Eurozone Sentix data. The bulls regain control as ... GBP/USD hits fresh six-week tops above 1.2350 on upbeat ...
Recession fears ease as UK economy grows more than expected in July
The UK economy grew more than expected in July ... Simon Harvey, FX market analyst at Monex Europe, said the GDP data should be treated with caution. "Recession fears recede in the UK following a ...
Pound rebounds on data surprise, Brexit hopes
The pound also received a rare boost from surprisingly strong economic data. Economic output in July alone was 0.3% higher than in June, the Office for National Statistics said, marking the ...
UK economy returns to growth in July, though recession risk remains
The UK was placed on recession footing when data showed a 0.2% contraction for the economy between April and June. That downturn was blamed on cautious shoppers and businesses in the run-up to the ...