GBP/USD up on economic data

he British Pound was college adjoin the U.S. Dollar on Friday afterwards the absolution of U.K. abstracts on GDP.

GBP/USD was trading at 1.6336, up 0.34% at time of writing.

The brace was acceptable to acquisition abutment at 1.6262, Thursday’s low, and attrition at 1.6571, Tuesday’s high.

Earlier in the day, basic official abstracts showed that U.K.’s gross calm artefact rose to a seasonally adapted 0.2% in the aftermost division from 0.2% in the above-mentioned quarter.

Analysts had accepted U.K.’s gross calm artefact to acceleration 0.2% in the aftermost quarter.

Meanwhile, the British Pound was bottomward adjoin the Euro and the Japanese Yen, with EUR/GBP accepting 0.10% to hit 0.8840 and GBP/JPY falling 0.27% to hit 125.79.