The U.S. economy slowed less sharply in the first quarter than initially estimated due to unexpectedly higher consumer spending and a jump in exports, beating expectations and providing a slightly more encouraging outlook for growth this year.
Sterling rose above $1.30 for the first time in five weeks on Thursday, investors taking stock of increasing signs the Bank of England is looking at tightening monetary policy.
Investing.com - Oil prices extended gains into a sixth session to hit the strongest level in two weeks in North American trade on Thursday, after U.S. government data revealed the biggest weekly decline in domestic crude production in almost a year.
The pound rose for a seventh day versus the dollar, set for its longest winning streak since April 2015, after Bank of England Governor Mark Carney said Wednesday that the Monetary Policy Committee may need to raise interest rates despite a weakening economy.
Next trading day's important events
- USDJPY: 112.41
- EURUSD: 1.142
- S&P 500: 2429.64
- NASDAQ: 6163.63