About 5 minutes ago, the British Revised GDP figures were released, showing a -0.6 decline rather than -0.7{3adebf5d1053fe84945a3102eec53611f8243efde33190603eeae9f226b47bb7}. This is basically what investors expected. Immediately following the result, the GBP/USD cross dipped below the 1.6300 mark. However, soon after trader confidence pushed the GBP/USD pair back up to the 1.6310 level. Therefore… Read entire story.
Source: Forex Trading Education : Forex Trading Blog by FOREXYARD » British Revised GDP
