Sterling improves significantly against Euro and Dollar
The GBP/USD and GBP/EUR have jumped substantially after the release of economic data in the United Kingdom. Indeed GBP has seen broad gains across the board.
The UK’s Gross Domestic Product (YoY) came in at +0.6% in Q1, against expectations of +0.3%. Furthermore, the Gross Domestic Product (QoQ) yielded a figure of +0.3% in Q1, vs. a projection of +0.1%. In short a triple dip recessions has been avoided, for now.