The Great Britain pound has ended today’s trading with gains against its most-traded rivals after the release of domestic economic reports that were relatively good.
The UK trade balance deficit shrank a bit from £10.5 billion in December 2015 to £10.3 billion in January 2016. Construction output fell 0.2% in January from December, but the drop was not nearly as big as the predicted 1.3%. All in all, fundamentals were helpful to the sterling, especially after talks about the Brexit abated, at least for now.
GBP/USD headed higher from 1.4277 to settle at 1.4372, rising 1% over the trading session. GBP/JPY was up from 161.59 to 163.56.
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