The Great Britain pound rose a little today but was still trading near the seven-year low versus the US dollar and also near the multi-year low against the Japanese yen.
Economic data released from Great Britain on Thursday was mixed with economic growth and the Index of Services being in line within expectations, while business investment demonstrated a surprise decrease. The sterling preferred to ignore the negative part of the data, edging higher during the session. Analysts warned that the rise does in no way mean a change of the trend, and most of them still bet on further decline of the currency.
GBP/USD rose from 1.3923 to 1.3961 as of 14:19 GMT today. GBP/JPY advanced from 156.17 to 157.51.
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