The British pound extended its gains, up 0.62%, trading at 1.1996 in Europe. Earlier, the exchange rate for GBP/USD surpassed the symbolic level of 1.20. A 0.3% increase in UK GDP is reported. In a light calendar week, the UK posted a modest 0.3% growth in January GDP, higher than the 0.1% estimate in December and above the 0.1% estimate for the month. While the UK managed to avoid recession in...
In the UK, the pound flirts with 1.20 as GDP outperforms and US nonfarm payrolls are forecast to slow
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