Pound Rises On UK GDP Decline

UK GDP falls 0.1% in April The British Pound attracts slight bids against major currencies after the UK monthly GDP data release. The 0.1% decline in April follows previous economic trends. The GBP/USD recovers most of its early losses, rebounding to near p

USD Gains Against CAD

USD/CAD pair rises to near 1.3980 The USD/CAD pair gained traction during early European trading hours on Friday. This increase was bolstered by strong US inflation data. The pair rose to near 1.3980, with traders closely monitoring US-Iran peace deal devel