British Pound (GBP)


The Pound weakened mildly versus the Dollar after rallying earlier on  better Revised GDP than expected. Britain's Revised GDP came out -0.7%  higher than -0.8% expected and -0.8% prior but weakened after a U.S  report showed flat household incomes raising doubt about the economic  recovery. Overall, GBP/USD traded with a low of 1.6256 and with a high  of 1.6381. Today is a Bank Holiday in the UK, Low liquidity and high  volatility is expected.