British Pound futures tested their 200-day moving average before rebounding into positive territory, putting the contract on pace to snap a two-week streak of lower closes. The move was supported by stronger-than-expected U.K. economic data, with July GDP rising 0.4% and year-over-year growth hitting 1.6%. The robust data adds complexity to next Thursday's Bank of England meeting, where markets widely expect rates to remain at 3.75% amid pushback from Governor Andrew Bailey on the necessity of near-term hikes.
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