The British Pound sees a significant surge, climbing to 1.2540
against the US Dollar (USD) following positive preliminary Q1 GDP growth and
robust factory data.
In addition to the optimistic Q1 GDP figures, the UK's
Office for National Statistics (ONS) reported a 0.2% monthly increase in
Industrial Production for March.
On an annual basis, Industrial Production
recorded a faster growth rate of 0.5%. These developments bode well for the
British Pound.
Dr. Kamaran Qader Yaqub,
Financial consultant at Investment Spot company.
