Pound to Dollar Rate's Relief Rally as UK PMI Data Boosts Sterling on Nostr: UK Economy Beats Expectations, Sterling Rises as Recession Ends =============== ...

UK Economy Beats Expectations, Sterling Rises as Recession Ends
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#ceb5d66c ver:0.65

The UK economy beats expectations, exiting recession and causing the pound sterling to rise against the euro and dollar. GDP grew by 0.6% in Q1 2024, surpassing forecasts. Industrial production increased, but construction contracted. Bank of England holds interest rates, noting inflation is moving in the right direction. Focus remains on upcoming inflation and wage growth data. #UKeconomy #recession #GDP #poundsterling #BankofEngland #inflation...

#newstr #UkEconomy #Sterling #Recession #BankOfEngland #Inflation #Dollar

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