The British pound moves into positive territory thanks to strong growth data

The British pound rose with the opening of the European market on Friday against a basket of global currencies, continuing to move in positive territory for the second consecutive day against the U.S. dollar, heading toward achieving another weekly gain. This rise comes following the release of strong growth data in the United Kingdom.

The British economy grew in the first quarter of this year at its fastest pace in a year, putting more pressure on monetary policymakers at the Bank of England and reducing the likelihood of a rate cut in June.

GBP Exchange Rate Today:
The pound rose against the dollar by 0.15% to $1.3319, up from the opening price of $1.3300, with the lowest level recorded at $1.3299