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US: GDP expanded 4.0% YoY in Q2

FXStreet (Edinburgh) -The Commerce Department has informed that the US economic activity expanded at an annual pace of 4.0% during Q2, exceeding forecasts for an expansion of 3.0%.

United States Personal Consumption Expenditures Prices (QoQ) came in at 2.3%, above expectations (2%) in 2Q

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GBP/USD falls to 1.6900 following strong US GDP

The GBP/USD declined to 1.6900 in the latest few minutes amid stronger than expected US GDP reading in the Q2.
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