Sterling rides wave of risk sentiment ahead of GDP report

From xm.com

In the United Kingdom, preliminary GDP growth data for the second quarter will hit the markets at 06:00 GMT Friday. The British pound has suffered heavy damage this year, falling behind even the war-ravaged euro despite a series of rate increases from the Bank of England. This dataset is unlikely to change this dynamic. Instead, the pound is at the mercy of global risk sentiment, which seems unstable. Metamorphosis It has been a tough year for sterling. While the spotlight has been on the euro getting smoked by the energy crisis, the pound has performed just as badly, even though the Bank of England has raised ... (full story)