Sterling bounces following economic growth data, still close to 2020 low

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LONDON, Feb 11 (Reuters) – Sterling enjoyed some respite on Tuesday after British economic growth showed no change in the fourth quarter in spite of market expectations it would be slower.

But the currency remained around its lowest levels for this year amid uncertainty over Britain’s trade relationship with the European Union.

Preliminary data for fourth-quarter gross domestic product showed the economy grew 1.1% year-on-year, the same as in the previous quarter. Economists polled by Reuters had forecast growth of only 0.8%.

https://www.dailymail.co.uk/wires/reuters/article-7990789/Sterling-bounces-following-economic-growth-data.html

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