GDP figures are not a surprise
Fundamental Forex Analysis

GDP figures are not a surprise

Following the better-than-expected UK growth report, Chancellor Rishi Sunak said GDP figures are not a surprise.

The UK is facing a severe impact from coronavirus, he added.

Early response to the UK GDP data saw the UK Transport Minister Grant Shapps saying, “everyone will have expected a hit to the economy, there will be more to come.”

Meanwhile, the GBP/USD pair peeped above the 1.2300 level on the GDP release before reversing to near 1.2270 region, where it now wavers.

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