British Data Lost &Nbsp; Sterling Fell 1.23% Against The US Dollar On Tuesday.
Tuesday morning, Beijing time, on Tuesday. UK official data It shows that the UK economy suffered an unexpected contraction in the last quarter of 2010, which also hit investors' confidence in other assets based on global growth expectations. dollar Match Pound On Tuesday, the biggest single day increase this year.
The dollar moved against the euro on Tuesday, hovering between the rise and fall, followed by a favorable US consumer confidence index report in January.
Investors are also continuing to digest the results of the first bond sale of the European financial stability fund.
At the close of the foreign exchange market, the US dollar index for tracking six major currencies was 77.93 points, or 0.16%.
Sterling fell to 1.23% against the US dollar at $1.5796.
The pound fell to more than 1.6% against the dollar earlier on Tuesday.
The euro was 0.8657 higher than the pound, up 1.471%.
Data released by the office of national statistics on Tuesday showed a 0.5% decline in gross domestic product in the fourth quarter of 2010.
The report blamed the economic downturn partly on the bad weather this winter, but some economists pointed out that such a big drop will still give the market some doubt about the prospects for the growth of the UK economy.
The euro came to a new two month high of $1.3687 earlier on Tuesday and ended up at $1.3675, up 0.23%.
On Tuesday, the European financial stability fund's demand for first bond sales was strong.
The fund is set up as a special tool to help the eurozone to be troubled by sovereign debt problems.
Late Tuesday, President Obama will deliver the state of the Union address at a joint session of the two chambers of Congress. It is expected that US economic growth prospects will remain the focus of the state of the Union address.
The Fed's two day decision meeting is also held today, and a statement on interest rate decisions will be released on Wednesday.
The two sets of economic data on Tuesday showed that the US consumer confidence index in January was 60.6 points, the highest since May 2010. The Keith Schiller housing price index showed a 1% decline in the single family housing prices in November, a fourth month decline in house prices.
In other currencies, the US dollar traded at 82.17 yen, or 0.45%, and the Australian dollar closed at 99.27 cents, or 0.47%.
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