(RTTNews) - The Office for National Statistics is slated to release second estimate for U.K. GDP at 4:30 am ET. The economy contracted 0.7 percent sequentially in the second quarter, the flash estimate showed. In the meantime, U.K. services output is also due.
The pound showed mixed trading ahead of the report. While the sterling held steady against the yen, it drifted lower against the rest of majors. As of 4:25 am ET, the pound was trading at 0.7920 against the euro, 124.70 against the yen, 1.5175 against the Swiss franc and 1.5850 against the US dollar.
