Sterling is weaker against the euro this morning but has gained fresh strength against the dollar, starting the week at 1.168, 0.021% higher than last week’s 1.147. This follows the UK’s latest economic growth.
Britain’s economy returns to growth this morning as the latest GDP MoM data shows an increase of 0.2%. Although figures are below market forecasts of a downwardly revised 0.4% rise, today’s data reveals a rebound from GDP’s 0.6% fall last month. UK services was the main driver of GDP expansion, (0.4%) however production fell (0.3%).
