Sterling holds tentatively above 1.33 versus dollar

Economies.com
2017-11-23 16:01PM UTC

Sterling tilted lower after marking the highest since October 13 earlier today against the dollar, following a stream of data from Britain, while the US market shuts down for the Thanksgiving holiday. 

 

As of 04:52 GMT, GBP/USD shed 0.17% to 1.3303 from the opening of 1.3325, with an intraday low at 1.3285, and a six-week high at 1.3337. 

 

Earlier UK data showed the second GDP growth reading for the third quarter with a 0.4% expansion rate in line with expectations and the preliminary reading, while growing 1.5% on a yearly basis also as expected. 

 

The second reading for business investments slowed down to 0.2% from 0.5%, missing expectations of 0.3%, while the index of services for the three months ending September steadied at 0.4% as expected. 

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