The pound has strengthened against the euro and the dollar this morning following the release of UK GDP data.
The data showed that the UK economy unexpectedly grew in May, beating market forecasts. This was driven by in services output, led by human health and social work activities, mainly because of a large rise in GP appointments. Manufacturing, utilities and construction sectors also grew.
Many have still warned, however, that that the UK economy is still close to a recession amidst a cost-of-living crisis.
