At 4:30 am ET Wednesday, the Office for National Statistics is scheduled to release second estimate for the fourth quarter GDP. According to preliminary estimate, U.K. GDP grew 0.7 percent sequentially in the fourth quarter
Ahead of the data, the pound showed mixed trading against other major currencies. While the pound advanced against the yen and the greenback, it held steady against the franc and the euro.
The pound was worth 1.6694 against the greenback, 1.4809 against the franc, 0.8238 against the euro and 170.83 against the yen as of 4:25 am ET.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.