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Currency: The pound rises, boosted by a rebound in GDP

14/01/2022
Categories: Economy/Forex

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The UK's growth rebound has allowed GDP to rise above its pre-COVID-19 level. In this atmosphere, the pound sterling benefited Friday against the euro and the dollar.

Around 10:00 GMT, the British currency took 0.21% to 1.3735 dollars, and 0.18% against the single European currency, to 83.43 pence for one euro. With growth of 0.9% in November, British GDP now stands 0.7% above its February 2020 level, the Office for National Statistics (ONS) announced on Friday.

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