Pound Sterling gains on upbeat UK GDP data, Fed Powell's speech eyed

Pound boosted by GDP to six-week high

Sterling recovered to its strongest position for six weeks against the euro yesterday, while maintaining its strength against the US dollar, following better than expected economic results. Gross Domestic Product (GDP) grew by 0.7% in the first quarter of 2025, a strong acceleration from the back end of last year and powered by the UK services sector. It means that the UK tops the G7 growth table, as the Prime Minister was quick to point out. Th…

GBP/USD Edges Higher After Strong UK Growth, Tepid US Retail Sales - Finnoexpert

The British pound is in positive territory on Thursday. In the European session, is trading at 1.3287, up 0.23% on the day. UK GDP Gives the Pound a Boost The expanded 0.7% q/q in the first quarter, below the 1% gain in Q4 2024 but just above the market estimate of 0.6%. This marked the strongest growth in three quarters, driven by stronger activity in services and manufacturing. Annually, rose 1.3% in Q1, below the 1.5% gain in Q4 2024 but high…

UK GDP Stronger Than Expected, US Retail Sales Post Small Gain, Pound Posts Gains - Action Forex

The British pound is in positive territory on Thursday. In European session, GBP/USD is trading at 1.3287, up 0.23% on the day. UK GDP gives the pound a boost The British economy expanded 0.7% q/q in the first quarter, below the 1% gain in Q4 2024 but just above the market estimate of 0.6%. This […] The post UK GDP Stronger Than Expected, US Retail Sales Post Small Gain, Pound Posts Gains appeared first on Action Forex.

GBPINR Price sideways amid upbeat UK GDP data

The main factor affecting the exchange price of the GBPINR is fundamentally the United Kingdom’s gross domestic product data. After the release of the United Kingdom GDP data, the GBP got a boost in response to the optimistic data. The government office reported that the economy grew strongly, by 0.7% in the first three months of this year, compared to the estimates of 0.6%. This indicated that the UK economy barely expanded in the last quarter …

The Pound Trades Sideways Ahead of Key Macroeconomic Data Releases

Currency pairs GBP/USD and EUR/GBP continue to exhibit moderate volatility, consolidating within narrow ranges as markets await the release of GDP figures from both the UK and the eurozone. Market participants remain cautious, awaiting key economic indicators that could set the direction for these currency pairs.Additional attention is focused on today’s US trading session, which will feature a speech by Federal Reserve Chair Jerome Powell, alon…

Pound Sterling gains on upbeat UK GDP data, Fed Powell's speech eyed

The Pound Sterling (GBP) finds support against its peers in European trading hours on Thursday following the release of the United Kingdom (UK) Gross Domestic Product (GDP) data.