Dollar continues to trade mixed vs G10 as fiscal stimulus sits at an impasse
(World News Russia)

GBP Sterling is trading broadly flat this morning, amid the release of gross domestic product data for the month of June and preliminary data for the second quarter. GDP fell 20.4% in the second quarter, with the falls being concentrated in the beginning on the quarter and activity actually picking up in June. This contraction was larger than any other major European economy, and roughly double the contraction experienced in the United States. Today`s GDP release confirms the UK experienced a historically bad economic contraction in the second quarter. However, comparisons to previous recessions are not particularly illuminating. Firstly, the 20.4% contraction in Q2 was caused by active...