The Great Britain pound gained today, reaching the highest level since September, despite underwhelming economic data released from the United Kingdom today.
UK gross domestic rose 0.3% in the first quarter of this year, missing the analysts’ estimate of 0.4%. It was the slowest growth rate in a year. Released earlier, UK GfK consumer confidence slipped to -7 in April from March’s -6.
GBP/USD rallied from 1.2902 to 1.2946 as of 10:46 GMT today, trading near the highest level since September 30. GBP/JPY gained from 143.53 to 144.29, close to the highest since January 30.
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