June 14, 2023 – Written by John Cameron
Leave a comment STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Firmed as UK Economy Returns to Growth
Pound (GBP) Buoyed by Welcome Return to Growth
The Pound (GBP) saw modest success against many of its rivals on Wednesday morning in the wake of market expectations of a 0.2% increase. Coming after a 0.3% contraction in March, the UK economy rebounded to boost investors’ spirits.
The biggest contributor to the increase was marked growth in the service sector, as the film and retail industries helped boost a 0.3% rise. However, construction output and industrial production dragged the figure down. Jack Sirett, partner at Ebury, commented…
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