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GBP/USD recovered from lost positions on the last day of the week, month and quarter, gaining more than 0.80% after reaching a daily low of 1.2599. Positive data from the United Kingdom (UK) and inflation falling slightly United States (US) strengthened the pound Sterling (GBP), until the end of the month with a profit of 2%. At the time of writing, GBP/USD is trading at 1.2717. Read more…
GBP/USD is reversing from an intraday high while paring the first of three daily gains around 1.2620 in mid-morning London on Friday. At the same time Libra Sterling fails to justify lackluster UK gross domestic product (GDP) data while also portraying a cautious mood ahead of key US inflation leads. Read more…

The UK economy grew by 0.1% quarter-on-quarter in the first three months of 2023, up from 0.1% previously, the final revision confirmed on Friday. The market had expected a 0.1% expansion in the first quarter. Read more…

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