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GBP/USD yet to reclaim 1.34 as UK GDP revision looms
Very shortly, at 6am GMT we will get a whole bunch of UK economic data. The highlight of that could be the final revision to UK Q2 GDP, but only if it misses upon previous estimates. UK growth was said to rise at 0.6% in Q2 and is expected to remain unrevised this morning. As just noted in the previous update, the GBP/USD has not kept pace on the topside with the falls in the USD/JPY so far today and that means the GBP/USD has not yet reclaimed any levels above the 1.34 handle this morning. Perhaps we shall see, if this latent GDP data detracts from that shortly. The GBP/USD range so far has been covered by 1.3362 to 1.3397. It is currently trading at 1.3393
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