Great Britain Pound depreciates by 0.26% on Thursday's trading - Sushil Finance

Great Britain Pound depreciated by 0.26 percent in Yesterday's trading session on the back of weak economic data from the country. Further, strength in DX coupled with mixed global market sentiments added downside pressure on the currency.

In Yesterday's trading session, GBP touched an intraday low of 1.5999 and closed at 1.6036 against dollar.

We expect Sterling Pound to trade on mixed note as the unfavorable economic data from the country may act as a negative factor for the currency whereas weakness in DX along with the rise in risk appetite in the global market sentiments may support pound to trade in green.

Source : Equity Bulls

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