Pound Weakens Ahead Of UK GDP Data
12 May 2022 - 11:57AM
RTTF2
At 2.00 am ET Thursday, the Office for National Statistics
releases UK GDP data. The economy is forecast to grow at a slower
pace of 1.0 percent sequentially in the first quarter after rising
1.3 percent in the preceding period.
Ahead of the data, the pound fell against its major
counterparts.
The pound was worth 158.15 against the yen, 0.8609 against the
euro, 1.2202 against the greenback and 1.2153 against the franc as
of 1:55 am ET.
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