Sterling clocked a seven-week high above $1.51 for the second session in a row. Recent gains in the pound will be tested by Britain's initial estimate of first quarter growth on Tuesday. Forecasts call for growth in Europe's No. 3 economy to slow to a 0.5 percent pace from a 0.6 percent rate in the fourth quarter of last year.
On the eve of the growth data, a gauge of U.K. factory orders inched higher to a reading of 1 from zero which fell short of forecasts of 4.
Commentary
GBP review
Sterling clocked a seven-week high above $1.51 for the second session in a row. Recent gains in the pound will be tested by Britain's initial estimate of first quarter growth on Tuesday. Forecasts call for growth in Euro…
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
