The Great Britain pound was steady today following the release of economic indicators over the Friday’s trading session.
Britain’s trade deficit narrowed by £1.2 billion to £11.8 billion in July, matching expectations. Construction output showed no growth in July — not a bad result considering that experts had anticipated the same 1% drop as in the preceding month. The survey performed by the Bank of England showed that inflation expectations ticked up to 2.2% in August compared to the previous survey performed in May that showed a reading of 2.0%.
GBP/USD close to its opening level of 1.3293 as of 9:40 GMT today after rising to the daily high of 1.3335. EUR/GBP was at about 0.8476 after opening at 0.8468.
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