The Great Britain pound jumped against all other major currencies today as the British GDP data release surprised all Forex market participants with extremely high values, beating even the optimistic forecasts.
The pound rouse against the U.S. dollar, the euro and the Japanese yen today as the Office for National Statistics reported preliminary estimate of GDP data for the second quarter of 2010. According to the release, the gross domestic product increased 1.1 percent in Q2 2010 or 1.6 percent if comparing Q2 2010 to Q2 2009. The average forecasts for both indicators were significantly lower.
GBP/USD rose from 1.5256 to 1.5400 as of 9:26 GMT today. GBP/JPY went up from 132.78 to 134.13, while EUR/GBP declined from 0.8443 to 0.8397.
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