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UK GDP arrives at 0% MoM in July vs. 0.2% expected
Source Fxstreet
UK GDP comes in at 0% MoM in July vs. 0.2% forecast.
GBP/USD battles 1.3100 after the UK data.
The UK economy showed no growth over the month in July after stalling in June, the latest data published by the Office for National Statistics (ONS) showed on Wednesday. The market forecast was for a 0.2% growth in the reported period.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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Silver price advances more than 2.50% on Friday, set to end the week with gains of over 7% sponsored by US Dollar weakness and falling oil prices. At the time of writing, the XAG/USD trades at $80.72, after bouncing off daily lows of $78.16.
Gold price (XAU/USD) falls to around $4,690 during the early Asian session on Monday. The precious metal attracts some sellers after US President Donald Trump rejected Iran’s latest peace offer to end the 10-week conflict choking the Strait of Hormuz, fanning inflation fears.