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GBP/USD edges a little higher after UK Q2 GDP matches estimates
The whole raft of UK economic data noted here earlier has now been released. As mentioned, the highlight and focus of this is the Q2 GDP data and that has matched forecasts. UK Q2 GDP rose as expected, by 0.6% and by 0.9% on an annualised basis. June GDP was flat as expected, but the Q2 business investment did not rise by 0.4, it actually fell by 0.1% and that is not good. Against that though industrial and manufacturing output did beat forecasts. The Pound has kind of blinked at all this, but it is not lower and that is a positive. The GBP/USD is currently trading at 1.2847
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