The Office for National Statistics is slated to release second estimate for U.K. GDP at 4:30 am ET. The economy contracted 0.7 percent sequentially in the second quarter, the flash estimate showed. In the meantime, U.K. services output is also due.
The pound showed mixed trading ahead of the report. While the sterling held steady against the yen, it drifted lower against the rest of majors. As of 4:25 am ET, the pound was trading at 0.7920 against the euro, 124.70 against the yen, 1.5175 against the Swiss franc and 1.5850 against the US dollar.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.