Sterling rises on positive GDP data

Source: WBP Online
© ScanPix/Reuters
The Pound jumped against the Greenback on Tuesday, following the growth in the UK economy, showed in the second quarter. The Cable rose 0.17% to $1.5585, after being traded in red before the announcement of GDP data, which met the forecasts of 0.7% growth in Q2. The favourable economic-output numbers could trigger the BoE to consider the possible interest rate increase.
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