SUBSCRIBE TO FEEDU.K. pound surges on improved economic data
The sterling is getting a boost in currency trading on the FX market today, with a little help from the latest round of economic data. British GDP is higher than expected, and that is helping the U.K. pound in forex trading.
European markets in general are showing much improvement, thanks to improved data that has investors shifting focus away from public debt. Even in Britain, some of the focus on debt is shifting, and that is helping risk appetite.
However, it is important to remember that there are still concerns about debt in the U.K., as well as in Europe. The GDP number might be better than expected, but Britain needs to show some other signs of economic improvement if the sterling’s gains are to be sustained.
See AlsoSterling in Currency TradingForex trading on the currency market
