UK GDP as expected with 0.5% – GBP/USD rises

It could have been worse: The UK economy grew by 0.5% q/q and 1.9% y/y, exactly as expected according to the preliminary release. It seems like markets were expecting a worse outcome, given data was not that positive of late. GBP/USD is releasing a sigh of relief and advancing, getting closer to 1.43. As with many other […]