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GBP/USD not much changed after mixed UK data releases

That raft of UK economic data mentioned here a short while ago has now been released. The impact of all this has seen the pound largely unchanged. That is because the data is rather mixed, with slightly higher monthly GDP data and better trade numbers. That has to be offset by mixed industrial and manufacturing data, with divergence on the monthly and annualised numbers. The index of services was mixed in that respect too. The construction data was weaker than forecast and so the upshot of all this is that Pound traders are really none the wiser after all this. That explains the rather muted reaction in the pound following all these releases. That said, there was nothing in any of this data that was significantly positive. The GBP/USD was trading at 1.2774 as the data broke. It is now trading at 1.2765
 

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