The GBP/USD remains stable after the figures
Investing.com – The pound sterling has remained stable against the u.s. dollar on Friday, after the release of economic reports mixed in the Uk, and while transaction volumes are expected to remain low before the Christmas holidays.
The GBP/USD is 1,3379 before 04: 30 (EST) (08: 30 GMT).
In its final reading, the uk Office of national statistics said that gross domestic product rose 0.4% in the third quarter, according to first estimates.
From one year to another, economic growth in the Uk has increased from 1.7% in the third quarter, revised up from the previous reading of 1.5%.
On a less positive note, another report showed that the current account deficit of the Uk narrowed in the last quarter to 25.8 billion pounds, of which the figure had been revised from a deficit previously estimated of 23.2 billion pounds.
Analysts expect the current account deficit is reduced to 21.2 billion pounds in the third quarter.
Meanwhile, the greenback remained mildly supported after data on Thursday showed that the u.s. economy grew by 3.2% in the third quarter, which was a downward revision from the previous reading of 3.3%. It was still the fastest pace in more than two years.
The report came a day after the House of representatives has given its final approval to the biggest overhaul u.s. tax in 30 years, marking the first political victory of president Donald Trump.
The british pound declined against the euro, with EUR/GBP down 0.11% to 0,8860.
