Pound Falls vs. Rivals, Remains Steady vs. Dollar

The Great Britain pound fell against some of its major rivals, including the euro, but was steady against the US dollar during the current trading session. Economic data released from the United Kingdom today was not particularly supportive to the currency.
UK gross domestic product grew by 0.4% in the first quarter of this year according the second estimate, unrevised from the preliminary reading. But other reports were much worse, with business investment falling by 0.5% in Q1 and the number of mortgage approvals dropping by 6% in April. Analysts have totally missed with their forecasts which that were promising an improvement for both indicators.
GBP/USD traded at about 1.4710 as of 13:41 GMT today, not far from the opening level of 1.4696. EUR/GBP climbed from 0.7589 to 0.7618.

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