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Forex - GDP/USD holds steady in quiet trade

Pound little changed vs. dollar amid Fed, BoE rate hike speculation - The pound held steady against the U.S. dollar in quiet trade on Friday, as expectations for interest rate hikes by both the Federal Reserve and the Bank of England continued to lend equal support to the two currencies.

GBP/USD hit 1.5575 during European morning trade, the session low; the pair subsequently consolidated at 1.5605.

Cable was...