Pound bounces as U.Okay. Q3 progress beats forecasts

Investing.com – Sterling Thursday bounced briefly towards the greenback as U.Okay. GDP progress beat estimates.
The pound was up zero.06% at $ 1.2252 at 04:45 ET off a excessive of $ 1.2271 and a low of $ 1.2157.
Third quarter GDP was up zero.5% from the earlier three months, in contrast with a forecast of zero.three%.
Yr-on-year, GDP was up 2.three%, beating a forecast of progress of two.1%, preliminary knowledge confirmed.
The GDP figures have been the primary full quarter knowledge after the U.Okay. voted to go away the EU in June.
GDP was up zero.7% month-on-month within the second quarter.

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