UK economy rebounds faster than expected

UK economy rebounds faster than expected

The EURGBP cross remains on the defensive around 0.8425 during the early European session on Thursday, trading with mild losses after the monthly UK Gross Domestic Product data. The UK economy grew more than expected in May after stagnating in April, with the GDP expanding at 0.4% MoM. This figure beat market expectations of 0.2% … Read more

Euro, Sterling under pressure after mixed Eurozone, UK PMI

Euro, Sterling under pressure after mixed Eurozone, UK PMI

The EURGBP cross traded lower around 0.8620 on Tuesday following mixed PMI figures from the UK and Eurozone.