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UK GDP beats forecasts- GBP/USD lifts

The UK Q1 GDP data has just been released and it has bounced back and stronger than the markets had been expecting. The other data looks pretty positive too, particularly the business investment data. UK GDP advanced by 0.6% in Q1, where a rise of 0.4% had been expected. The Pound has lifted on this news, but in real terms not by that much yet. However, this was good data and should not be ignored. The GBP/USD is currently trading at 1.2530 
 

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