Forex

Sterling falls on UK GDP data

Reuters London | Updated on January 24, 2018 Published on May 28, 2015

Sterling fell on Thursday after data confirmed that the UK economy grew at 0.3 per cent in the first quarter compared with the previous three months, disappointing those who had expected a higher reading.

Sterling hit an intraday low of $1.5332 after the data, down from $1.5364 beforehand, before recovering a little to $1.5358.

Against the euro, the pound strengthened to 71.25 pence from 71.10 pence before the data’s release.

Gilts and the FTSE 100 share index were little changed after the data.

Published on May 28, 2015
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