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The reaction of the British pound to the release of GDP data

The British Pound sees a significant surge, climbing to 1.2540 against the US Dollar (USD) following positive preliminary Q1 GDP growth and robust factory data.

In addition to the optimistic Q1 GDP figures, the UK's Office for National Statistics (ONS) reported a 0.2% monthly increase in Industrial Production for March.

On an annual basis, Industrial Production recorded a faster growth rate of 0.5%. These developments bode well for the British Pound.


Dr. Kamaran Qader Yaqub,
Financial consultant at Investment Spot company. 

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