Pound Falls as Traders Look Beyond Second-Quarter Growth Data

Updated on
  • GDP increases 0.6% in 2Q, beating analysts’ 0.5% forecast
  • Futures signal 100% chance of BOE rate cut next week

The pound fell as traders looked beyond stronger-than-forecast U.K. growth data and turned their attention to Wednesday’s Federal Reserve decision and next week’s Bank of England meeting for signs of diverging monetary policies.

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