fxstreet.com 12 Feb, 2021 10:00 am

GBP/USD set to rally after upbeat UK growth numbers

GBP/USD set to rally after upbeat UK growth numbers
GBP/USD has been declining as US yields are on the rise. Quarterly GDP for the UK grew 1% in Q4 vs. 0.5% expected and the cable has responded with a "

5% expected and the cable has responded with a "buy the rumor, sell the fact.Given the BoE's comments, GBP/USD has responded with a ‘buy the rumor, sell the fact’ response – shrugging off the encouraging GDP figures.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.It also does not guarantee that this information is of a timely nature.

The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.Key quotes “The UK has reported a Gross Domestic Product growth rate of 1.

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