March 10, 2023 – Written by John Cameron
STORY LINK Title: Pound Australian Dollar Exchange Rate News: GBP/AUD Strengthened after UK Economy Rebounds
Pound (GBP) Buoyed by Rebounding UK Economy
The Pound (GBP) surged on a better-than-expected economic recovery in January. Despite a marginal improvement over an expected 0.1% increase, GDP expanded by 0.3% after a woeful 0.5% contraction in December.
The cost-of-living crisis and industrial action weighed heavily in December, and the economy is still struggling to recover from the persistent issues. However, the better-than-expected recovery could prove to be invaluable for Chancellor…
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