Stability of the pound in anticipation of the publication of important economic data in Great Britain

The British pound settled in Europe Tuesday against a basket of world currencies, in a limited trading range relative to the US dollar, as investors hesitantly build new positions, awaiting the publication of the US dollar. Britain's important economic data,, and other industrial sector output data, and investors are looking for solid evidence on the possibility of raising UK interest rates next August .

GBPUSD traded at $ 1.3262 for $ 1.3255 and closed at $ 1.3272 and $ 1.3223 at 0730 GMT.

The pound ended yesterday's session down 0.2% against the dollar, after correction and profit taking after recording a four-week high of $ 1.3362 at the start of the meeting.

The British pound is also under pressure on the European Union's plans for the secession of British Prime Minister Teresa Mae, particularly after the resignation of Foreign Minister Boris Johnson a few hours after the resignation of David Davies .

The two ministers resigned in protest of the government's vision of future relations with the EU after secession, the objection having increased after a concession to the commissioners of the Brussels secession.

For the first time investors are looking for important economic data from the United Kingdom, producing for the first time the monthly GDP data. Other data on industrial production, which accounts for more than 25% of the economy, The last strong evidence on the possibility of the British central bank to raise interest rates next August.

The monthly reading of the country's Gross Domestic Product is released at 0830 GMT for the first time in Britain, with the National Statistics Office forecasting a 0.3% growth in May.

At the same time, manufacturing output is expected to increase by 1.0% in May compared to 1.4% in April and industrial production for the same month should increase by 0.5% against 0.8% contraction.

UK trade balance data were also released, announcing a deficit of £ 11.9 billion in May after a deficit of $ 14.0 billion in April.