The pound has regained some strength against both the euro and the dollar following better-than-expected GDP data and poor eurozone data.
The UK economy expanded 1.3% quarter-on-quarter in the last three months of 2021, beating expectations. This growth was largely driven by healthcare and social work activities, including increased GP visits and coronavirus testing.
In a recent update to the Russia-Ukraine conflict, Sir Jeremy Fleming, boss of British spy agency GCHQ, has said that Russian President Vladimir Putin made a “strategic miscalculation” by invading Ukraine and that his advisors are “afraid to tell him the truth” about his error.
