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UK data and British pound

The most recent data released by the Office for National Statistics last Friday revealed that the UK's monthly Gross Domestic Product (GDP) increased by 0.1% in February, down from the previous reading of 0.3% growth. Additionally, the UK Goods Trade Balance for February was reported at GBP-14.212 billion, slightly better than the expected GBP-14.5 billion, though still a deficit compared to the prior month's GBP-14.097 billion. Despite the positive economic indicators, the Pound Sterling (GBP) remained subdued as investors foresee the Bank of England (BoE) possibly lowering its interest rates sooner than the US Federal Reserve (Fed). 


Dr. Kamaran Qader Yaqub,
Fundamental Analyst and Financial consultant at Investment Spot company. 

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