GBP/USD holds at five-week high
Mumbai, Oct. 22 -- GBP/USD pair hit five-week high and currently trades flat at 1.3400 mark. Sentiments have been steady for the Pound recently as UK economy continued to grow in August despite a fall in consumer spending. Figures from the Office for National Statistics showed gross domestic product (GDP) rose by 0.1% that month, compared with 0.4% growth in July. GBP/USD pair bounced from a multi-month low last week and is attempting to stabilize now. On NSE, GBP/INR futures are quoting at 127.12, up 0.29% on the day amid a mostly upbeat outing today as it hit near 127.30 mark.
Published by HT Digital Content Services with permission from Capital Market....
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