GBP/JPY remains flat after an eight-day winning streak, trading around 215.60 during the early European hours on Thursday. The currency cross remains close to an all-time high of 215.91, reached on April 15, following the release of the United Kingdom’s (UK) Gross Domestic Product (GDP) data.
Switzerland Producer and Import Prices (MoM) meets forecasts (0.2%) in March
Switzerland Producer and Import Prices (YoY) remains at -2.7% in March
The Pound Sterling (GBP) attracts bids against its major currency peers, trading 0.14% higher to near 1.3580 against the US Dollar (USD) during the European trading session on Thursday after the release of the stronger-than-projected United Kingdom (UK) Gross Domestic Product (GDP) data for February
The (EUR) edges up against the US Dollar (USD) on Thursday, trading right above 1.1800 at the time of writing, on track for a nine-day rally.
Commerzbank’s FX team, including Charlie Lay, Dr. Henry Hao and Moses Lim, notes that USD/INR was flat near 93.38 after intraday volatility, with the Indian Rupee (INR) still pressured by elevated commodity prices and structural deficits.
The UK Gross Domestic Product (GDP) grew 0.5% MoM in February, following an upwardly revised 0.1% rise reported in January, the latest data published by the Office for National Statistics (ONS) showed on Thursday.
United Kingdom Total Trade Balance down to £-0.72B in February from previous £3.922B
United Kingdom Index of Services (3M/3M) came in at 0.5%, above forecasts (0.3%) in February
United Kingdom Goods Trade Balance came in at £-18.791B, above expectations (£-20.2B) in February
United Kingdom Trade Balance; non-EU fell from previous £-3.461B to £-7.097B in February
United Kingdom Manufacturing Production (MoM) below forecasts (0.3%) in February: Actual (-0.1%)
