Pound Mixed Ahead Of U.K. Industrial Output, Trade Data
At 4:30 am ET Friday, the Office for National Statistics releases U.K. industrial output and trade data for July. Industrial output is expected to grow 0.2 percent on month in July following a 0.5 percent rise in June. The U.K. visible trade deficit is forecast to narrow to GBP 12 billion in July from GBP 12.7 billion in June.
Ahead of these data, the pound showed mixed trading against its major rivals. While the pound rose against the euro and the Swiss franc, it held steady against the U.S. dollar and the yen.
As of 4:25 am ET, the pound was trading at 0.9169 against the euro, 1.2452 against the Swiss franc, 1.3138 against the U.S. dollar and 141.49 against the yen.