Julian Benson
on March 13th, 2023 Friday morning gave the pound the boost it needed after GDP stats revealed that the British economy gained 0.3% in January 2023.This comes after a 0.5% contraction in December and beating forecasts of a 0.1% rise. Sterling has maintained those gains this morning and is 2.5% than it was on Friday morning.
The main driver of the economy’s growth came from the UK services sector which grew by 0.5% in January, after a 0.8% fall in December.
GBP/USD: the past year
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