UK GDP causes GBP move

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 34 base points or 0.27%.

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Tue, 13 Dec 2022 13:42:04 GMT

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