LONDON — The pound was approaching 1.30 against the dollar on Thursday, with modest gains in early morning trading as investors wait for the UK's first quarter GDP report.
Sterling passed above the psychologically significant $1.30 level last week, but has struggled against the greenback since then, largely thanks to dollar strength.
The pound is up 0.11% from the open, and as of 8.20 a.m. BST (3.20 a.m. ET) is trading at $1.2984:
Thomas Colson.
Full story at Yahoo News.
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