Risk Sentiment Seen as More Important for Pound Than UK GDP Data0826 GMT - Sterling is more likely to be driven by broad risk appetite than Friday's better-than-expected U.K. economic growth data, MUFG Bank says. The U.K. economy contracted 0.6% on month in June, less than the 1.3% decline expected by economists in a WSJ survey. ---Stelrad Group 1H Pretax Profit Fell on Turkish Subsidiary Costs; Declares DividendStelrad Group PLC said Friday that pretax profit for the first half fell amid higher costs caused by its Turkish subsidiary new reporting standards, but revenue rose driven by increased margins. The U.K.'s total trade in goods deficit widened by GBP2.1 billion to GBP22.1 billion in June, Office for National Statistics data showed Friday. (joseph.hoppe@wsj.com)Contact: London NewsPlus; paul.larkins@wsj.com(END) Dow Jones NewswiresAugust 12, 2022 05:32 ET (09:32 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.

Source: Wall Street Journal August 12, 2022 15:47 UTC