GBP/USD rallies past 1.3000 as China escalates trade-war with US
GBP/USD climbs above 1.3100 on persistent USD weakness
UK GDP rebounds 0.5% MoM in February vs. 0.1% expected
The UK economy expanded in February, with the Gross Domestic Product (GDP) rebounding 0.5% after recording no growth in January, the latest data published by the Office for National Statistics (ONS) showed on Friday. The market forecast was for a 0.1% growth in the reported period.
Meanwhile, the Index of services (February) came in at 0.6% 3M/3M versus January’s 0.4%.