Sterling bounces following economic growth data

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Sterling enjoyed some respite Tuesday after British economic growth showed no change in the fourth quarter in spite of market expectations of a fall, but the currency remained around its lowest levels for this year amid uncertainty over Britain’s future trade relationship with the European Union.

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

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