January 13, 2023 – Written by John Cameron
STORY LINK Pound Euro Exchange Rate News: GBP/EUR Climbed Higher amid Growing UK Economy
Pound (GBP) Buoyed by Surprising Boost in GDP Growth
The Pound (GBP) enjoyed a rare boost on Friday as GDP growth beat forecasts and posted a surprising expansion in November. Against an expected shrinking of 0.2%, the UK’s economy surprised everyone and grew by 0.1%.
Boosted by the World Cup taking place in winter rather than its usual summer spot, both bars and shops saw an increase in consumer spending. But offsetting most of that boost was a downbeat manufacturing sector. The struggling industry teetered on…
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