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Sterling flat today

Sterling is trading flat today the after British economic growth for the third quarter was left unchanged and the year-on-year number was slightly higher, with traders avoiding big positions before the holiday period.

Britain’s Office for National Statistics (ONS) said economic growth for the July to September was 0.4 percent, unchanged from the previous reading and in line with the consensus. Year-on-year economic growth was revised up to 1.7 percent from an earlier 1.5 percent.

Some traders believe the pound will rally in 2018 if Britain agrees a Brexit transition deal and talks with the European Union progress faster than expected.

Finally we at Currencies 4 You wish you have a Merry Christmas and look forward to working with you in the New Year.

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