Pound rises as UK economic growth beats forecasts
The British pound climbed slightly after data showed UK gross domestic product grew 0.4 percent in July, easily beating forecasts. Growth was driven largely by the services sector, though rising energy costs continue to present risks.
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The United Kingdom economy expanded 0.4% in July, outstripping forecasts and pushing GBP/USD up 0.1% to $1.352 during Friday morning trading. The reading highlights resilience despite wider energy pressures. Analysts are weighing whether the momentum can outpace central bank projections.
