UK Data Leave GBP Price Little Changed as Brexit Dominates | Webinar


GBPUSD price, news and analysis:

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UK economy little changed in August

The UK economy remained stable in August, according to the latest economic data.

Trade and construction figures were broadly worse than expected while industrial production numbers were broadly better than predicted. The GDP statistics for the month were mixed.

Overall, that sent GBPUSD modestly lower.

GBPUSD Price Chart, Five-Minute Timeframe (October 10, 2018)

Latest GBPUSD price chart.

Chart by IG

Looking ahead, the Brexit negotiations between the UK and the EU will likely determine the future direction of GBP and London stocks, as I explained in this webinar before and after the data.

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— Written by Martin Essex, Analyst and Editor

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