This coming Friday the 2nd estimate of GDP in Great Britain will be released. The first round of preliminary data released in July had limited impact – GBP went up about 20 pts against USD over 3 minutes, just to lose all the gains within less than half-hour, albeit losses were quite modest. Lack of positive influence on exchange rate of GBP from quite good GDP numbers would be flabbergasting if interest rate expectations were not taken into account.
The main reason for such a lackluster dynami…
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