UK GDP beats forecast

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On a month-on-month basis the United Kingdom gross domestic product has increased by 0.5%, instead of the market consensus forecast of 0.4%. The higher than forecast GDP revealed that the Bank of England has room for interest rate hikes. Due to that reason, the Pound surged against peer currencies. The GBP/USD surged nearly 40 base points or 0.31%.
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