Pound US dollar exchange rate: GBP/USD slides despite UK GDP smashing expectations

This morning, the pound has slipped against the dollar, and the pairing is currently trading at around $1.319. January’s UK GDP expanded to a higher-than-forecast 0.5 percent after December’s contraction of -0.4 percent, easily beating a consensus of expectations that it would only manage a 0.2 percent rise.

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