GBP/USD is virtually unchanged during the North American session amid hawkish comments by Atlanta’s Fed President Raphael Bostic, even though UK data revealed that the economy grew at its fastest pace in one year. At the moment, the pair trades at 1.3707, virtually unchanged.
The British Pound (GBP) weakens against the US Dollar (USD) on Monday as mixed UK economic data weighs on the Sterling despite a generally subdued Greenback.
USD/CNH continued to trade in subdued ranges near its recent lows. Consistent trend of CNY fix being set stronger, relatively upbeat PMIs, confirmation of trade deal framework between US and China as well as a softer USD environment should continue to point to a more constructive outlook for RMB.