Pound steadies as investors digest US data, Ukraine
August 29, 2014 7:36 am
The British pound was stable versus the US dollar Thursday, as investors weigh upbeat US economic data and tension between Russia and Ukraine.
Sterling traded at $1.6577, up from its session low of $1.6567. The pound also climbed against the euro at 0.7950 but declined against the Japanese yen at 172.05.
The US gross domestic product grew 4.2% in the second quarter, said the Commerce Department. Also, the Department of Labor reported the number of Americans filing for initial jobless benefits dropped to 298,000, from last week’s 299,000.
Meanwhile, NATO reported more than 1,000 Russian troops were deployed in Ukraine to support pro-Russian separatists.
The material has been provided by InstaForex Company – www.instaforex.com
The British pound was stable versus the US dollar Thursday, as investors weigh upbeat US economic data and tension between Russia and Ukraine.
Sterling traded at $1.6577, up from its session low of $1.6567. The pound also climbed against the euro at 0.7950 but declined against the Japanese yen at 172.05.
The US gross domestic product grew 4.2% in the second quarter, said the Commerce Department. Also, the Department of Labor reported the number of Americans filing for initial jobless benefits dropped to 298,000, from last week’s 299,000.
Meanwhile, NATO reported more than 1,000 Russian troops were deployed in Ukraine to support pro-Russian separatists.
The material has been provided by InstaForex Company – www.instaforex.com
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