United Kingdom Public Sector Net Borrowing below expectations (£7.9) in April: Actual (£6.04)

FXStreet.com (Barcelona)

May 22, 2015

Growth is picking up – ECB’s Draghi

The European Central Bank (ECB) President Mario Draghi said on Friday that the growth in the 17-nation currency block is picking up and the outlook for the Eurozone is brighter today than it has been for seven long years.

GBP/USD meanders near lows circa 1.5660

The British pound wiped out early gains against the US dollar in the European session, with GBP/USD trading almost unchanged on the 1.56 handle amid a data-empty GBP calendar while markets remain wary ahead of Bank of England’s (BOE) MPC member Shafik speech followed by the Governor Carney speech at the ECB Forum on Central Banking titled "Inflation and Unemployment in Europe," in Portugal.