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The British pound fluctuated in a slightly bullish range during the US session, continuing its third consecutive week against the US dollar, as economic data was overshadowed by the UK economy on Friday and as a result of economic developments and data economic. The largest economy in the world, which included the tribute of US President Donald Trump, the performance of the US economy.
At 18:35 GMT, the GBPUSD rose 0.02% to 1.3112 from the opening levels at 1.3109 after the pair hit a high of 1.3131 while the lowest level at 1.3083.
We followed the US economy to unveil the preliminary reading of GDP which shows that the world's largest economy grew by 4.1% in the second quarter against 2.0% in the first quarter, below expectations by 4.2%, while the preliminary reading of GDP Overall, the growth rate accelerated to 3.0% against 2.2% in the first quarter, exceeding the expectations of 2, 3%.
In the same context, we also followed the second quarter 0.5% in the first quarter, higher than expected 3.0%, while the first reading Basic personal consumption expenditure for the second quarter slowed at 2.2% compared to the previous quarter's reading and expectations of 2.2%.
This was before the speech of US President Donald Trump in Washington, where he praised the performance of the world's largest economy in response to data on US growth before the final reading of the index of consumer confidence of the University of Michigan. Which has widened to 97.9 from the previous reading and expectations to 97.1 from 98.2 in June
The news (positive stability of the pound sterling against the US dollar in the last session of the week)
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