During European trading, the British Pound increased against the US Dollar, trading above 1.2920 levels.
The GBP/USD currency slightly gained ground in the European trading session, as better than expected UK GDP growth data came in and ahead of the US PCE data. In the UK, Year on Year Retail Sales for February was released with data higher than expected (2.2% realised vs 0.5% expected) and UK YoY Q4 GDP was released with data higher than expected (1.5% realised vs 1.4% expected). In the US, Core PCE Price Index data for February (2.7% exp) will be released (12:30 GMT).
