The Great Britain pound dropped today even as a report showed that Britain’s leading indicators rose in February. The currency still headed to a weekly gain against the US dollar and the Japanese yen.
The Conference Board Leading Index increased 0.4 percent in February. The January growth was revised from 0.2 percent to 0.4 percent, while the gauge declined 0.2 percent in December. The data was rather positive, yet the currency declined. Still, positive fundamentals will likely help the sterling to end the week with a gain.
GBP/USD went down from 1.5383 to 1.5355 and GBP/JPY declined from 153.32 to 152.35 as of 9:54 GMT today.
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