The U.K. GDP data is due out at 4:30 am ET Thursday. The U.K. economy is expected to exit recession in the third quarter. Economists forecast GDP to grow 0.6 percent after contracting 0.4 percent in the prior quarter.
The pound showed mixed trading against ts major rivals ahead of the report. While the sterling extended previous session's advance against the dollar and the yen, it held steady against the euro and the Swiss franc. As of 4:25 am ET, the pound was trading at 129.0 against the yen, 1.6090 against the dollar, 0.8094 against the euro and 1.4955 against the Swiss franc.
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Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.