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Pound Slides As U.K. Economy Shrinks For Second Month

The pound depreciated against its major counterparts in early European deals on Monday, as UK economy contracted for the second straight month in April on weak manufacturing amid uncertainty about the Brexit crisis. Data from the Office for National Statistics ...

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UK GDP Contracts For Second Month

The UK economy contracted for the second straight month in April on weak manufacturing, data from the Office for National Statistics showed Monday. Gross domestic product fell 0.4 percent on a monthly basis after easing 0.1 percent in March. GDP ...

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Pound Slides Following UK GDP, Industrial Output Data

At 4.30 am ET Monday, the Office for National Statistics has published UK GDP, industrial output and foreign trade data. The pound dropped against its major counterparts after these data. The pound was trading at 1.2570 against the franc, 1.2697 ...

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