Pound gains value awaiting UK GDP announcement

The Pound surged against the US Dollar to show $1.46 in advance of the quarterly UK GDP data release. Expectations show a 0.2% drop in GDP growth from the first quarter and divergence between the expected and actual number is likely to heighten volatility. While blame of a slowdown is put on the Brexit talks, the polls show that the public is leaning towards remaining a member of the EU.