- UK GDP arrived at 0.4% MoM in May vs. 0.2% estimate.
- GBP/USD remains above 1.2850 after the UK data.
The UK economy grew 0.4% over the month in May after stagnating in April, the latest data published by the Office for National Statistics (ONS) showed on Thursday. The data beat market expectations of 0.2% in the reported period.
Meanwhile, the Index of services (May) came in at 1.1% 3M/3M vs. April’s 0.9% print and 1.0% forecast.
Other data from the UK showed that the monthly Industrial Production and Manufacturing Production rebounded 0.2% and 0.4%, respectively, in May. Both readings matched the consensus forecast.
Separately, the UK Goods Trade Balance came in at GBP-17.9717 billion MoM in May vs. GBP-16.18 billion expected and GBP-19.442 billion prior.
Market reaction to the UK data
The Pound Sterling is unfazed by the UK economic data. At the press time, GBP/USD is trading 0.15% higher on the day at 1.2861.
British Pound PRICE Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.06% | -0.10% | 0.02% | -0.01% | -0.20% | -0.22% | -0.06% | |
| EUR | 0.06% | -0.03% | 0.09% | 0.07% | -0.13% | -0.14% | 0.02% | |
| GBP | 0.10% | 0.03% | 0.12% | 0.10% | -0.10% | -0.12% | 0.06% | |
| JPY | -0.02% | -0.09% | -0.12% | -0.04% | -0.23% | -0.28% | -0.08% | |
| CAD | 0.01% | -0.07% | -0.10% | 0.04% | -0.22% | -0.22% | -0.05% | |
| AUD | 0.20% | 0.13% | 0.10% | 0.23% | 0.22% | -0.03% | 0.16% | |
| NZD | 0.22% | 0.14% | 0.12% | 0.28% | 0.22% | 0.03% | 0.18% | |
| CHF | 0.06% | -0.02% | -0.06% | 0.08% | 0.05% | -0.16% | -0.18% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD extends gains above 1.0800 amid risk appetite
EUR/USD has regained traction above 1.0800 in European trading on Monday. The pair is finding fresh demand amid a modest pullback in the US Dollar and persisting risk flows. However, elevated US Treasury yields and dovish ECB bets cap the pair's upswing.
GBP/USD recovers above 1.2950 as USD loses ground on better mood
GBP/USD is recovering above 1.2950 in the European session on Monday. A pick up in risk sentiment and a minor US Dollar retreat is helping the pair stage a bounce but traders remain wary amid looming Middle East geopolitical risks and the BoE easing expectations.
Gold price remains on the defensive below $2,748-2,750 hurdle amid positive risk tone
Gold price struggles to capitalize on its intraday bounce and remains below the $2,748-2,750 supply zone through the early part of the European session on Monday. Safe-haven demand stemming from Middle East tensions and US election jitters continues to act as a tailwind for the precious metal.
Cardano Price Forecast: On-chain metrics and technical outlook signal bearish trend
Cardano is trading slightly down around $0.33 on Monday, struggling against resistance from its previously broken ascending trendline. Declining daily trading volume reinforces a bearish outlook, indicating reduced trader interest and liquidity in the ADA chain.
US elections: The race to the White House tightens
Trump closes in on Harris’s lead in the polls. Neck and neck race spurs market jitters. Outcome still hinges on battleground states.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.