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GBP/USD slides on poor data ahead of the BOE

Posted by: Forex Crunch in Forex Analysis May 11, 2017

The British pound is on the move, not waiting for the BOE’s “Super Thursday”. Sterling is falling as all the figures align to the downside. GBP/USD dropped some 25 pips and trades at 1.2917. The goods trade balance showed a wider than expected deficit: 13.4 billion against 11.7 predicted. Industrial output is down 0.5%, slightly […] The post GBP/USD slides on poor data ahead of the BOE appeared first on Forex Crunch.

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