Sterling steadies ahead of UK GDP data 4:10am EDT [Reuters]
The Bank of New York Mellon Corporation (BK)
Last the bank of new york mellon corporation earnings: 4/16 06:30 am
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Source: Reuters
Sterling steadies ahead of UK GDP data | Reuters 2 Min Read LONDON (Reuters) - The British pound steadied on Wednesday as investors eyed upcoming GDP figures, one of the last major data points ahead of a Bank of England policy meeting next week at which interest rates could increase for the first time in a decade. The numbers are due to be released at 0830 GMT and are predicted to show that the British economy grew by 0.3 percent during the third quarter compared with the previous three months. A weaker-than-forecast result could see investors scale back their bets that the BoE will raise rates next week - a view supported by 46 of 64 economists in a Reuters poll on Tuesday.[nL8N1MY1LF] “Given the outlook for the economy, given the uncertainty, people will be looking for any signs of...weakness and anything that possibly adds to the question marks over what the BoE might do at the meeting next week,” said Simon Derrick, currency analyst at BNY Mellon. Recent comments by BoE rate-sette
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- BK's page on the SEC website