The Great Britain pound was little changed today as Thursday’s economic data released from the United Kingdom was mixed, allowing the currency to stabilize after the earlier drop but not providing enough support to initiate a rally.
On the positive side, growth of UK gross domestic product in the fourth quarter of 2015 was finalized at 0.6%, a bit higher than the preliminary reading of 0.5%. On the negative side, the current account deficit widened to £32.7 billion in the fourth quarter up from £20.1 billion in the previous three months, exceeding analysts’ expectations. The sterling was a bit firmer after the reports but not really strong.
GBP/USD traded at 1.4390 as of 9:19 GMT today after opening at 1.4376 and falling to 1.4325 intraday. GBP/JPY was at about its opening rate of 161.61 after touching the daily low of 160.87.
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