Home » Currency Note » Currency Note » Pound still strong after GDP data

The pound is still strong against the euro and the dollar this morning after GDP data was released. The data came in roughly as expected, showing that the economy has fallen into recession for the first time in 11 years. It did, however, also show that the economy bounced back slightly in June.

The euro was given a boost against the dollar yesterday after positive economic sentiment figures from Germany and the Eurozone, which suggest that analysts are positive about the EU’s economic recovery. In the US, inflation rate data will be released later today, which could impact the dollar.

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