GBP/USD halts near 1.3600 as US data looms

GBP/USD rallied 0.96% on Thursday, settling near 1.3600 after a choppy session that saw cable test the 1.3455 area in the European morning before catching a sharp bid through the New York afternoon. The daily candle left a long lower wick from the morning low, with price stalling close to…

US economy grows 2% in Q1, missing economist expectations of 2.3%

U.S. economic growth rebounded in the first quarter of the year from a sluggish fourth quarter, according to the Commerce Department’s latest estimate. The Bureau of Economic Analysis (BEA) on Thursday released its advance estimate of first-quarter GDP, which showed the economy grew at an annualized rate of 2% in the three-month period including January, February and March.That figure was lower than the expectations of economists polled by LSEG, which had estimated 2.3% GDP growth…

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