United Kingdom Public Sector Net Borrowing below expectations (£7.9) in April: Actual (£6.04)

The British pound wiped out early gains against the US dollar in the European session, with GBP/USD trading almost unchanged on the 1.56 handle amid a data-empty GBP calendar while markets remain wary ahead of Bank of England’s (BOE) MPC member Shafik speech followed by the Governor Carney speech at the ECB Forum on Central Banking titled "Inflation and Unemployment in Europe," in Portugal.