GBP/USD revisits daily lows on upward revision of US GDP

25 March 2016, 16:00
Seth Dompreh
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Bid tone around USD strengthened following an upbeat US Q4 GDP report, pushing the GBP/USD pair lower near its daily lows. 

Strong figure, consumption revised higher

The final Q4 GDP print has been revised higher to 1.4% from the preliminary estimate of 1% mainly on account of a rise in consumption. Meanwhile, core personal consumption expenditure (pce) was left unrevised at 1.3% y/y.......READ MORE
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