With absence of any macroeconomic data today, the Great Britain pound was trading flat. Still, the currency was heading to a weekly gain as the previous favorable reports helped the currency to rally over the week.
The sterling jumped yesterday against the US dollar on the positive retail sales report. Against the Japanese yen, the UK currency was rallying every trading session this week. Next week, the very important second estimate of economic growth will be released and it should affect the currency strongly.
GBP/USD was flat at 1.5636 as of 9:30 GMT today, trading near the highest rate since July 19. GBP/JPY traded sideways at 152.29.
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