Pound Sterling Rises Broadly After UK GDP Surprises Stronger in March

Pound sterling edged higher against a generally stronger US dollar during early European trade on Friday, rising against many other currencies after UK GDP surprised on the strong side of expectations for March and the opening quarter.

MT NewswiresMay 10 05:15 ET

U.K. Exits Brief Recession With Stronger-than-forecast 0.6% Growth in First Quarter

By Barbara Kollmeyer The U.K. economy grew 0.6% in the first quarter of 2024, exiting a technical recession, according to an initial estimate released by the Office for National Statistics on Friday.

MarketWatchMay 10 03:23 ET

U.K. Returns to Growth as War Shock Fades -- Update

The economy has turned a corner, U.K. premier Rishi Sunak said. "We know things are still tough for many people, but the plan is working, and we must stick to it," Sunak said.

WSJMay 10 02:49 ET

UK Preliminary GDP Expands 0.6% QoQ in Q1 Vs. 0.4% expected

The UK economy expanded 0.6% QoQ in the first quarter (Q1) of 2024 from a 0.3% contraction in the previous reading, the preliminary estimate released by National Statistics (ONS) showed Friday.

FXStreetMay 10 02:11 ET

Australia's Below-Trend Economic Growth May Continue -- Market Talk

Australia may continue its below-trend economic growth, with restrictive monetary policy still hurting interest-sensitive sectors, says Andrew Ticehurst, a research analyst with Nomura.

WSJMay 10 01:44 ET

The Bank of England has taken another step towards cutting interest rates, focusing on wage and employment data for next Tuesday

Only two members of the Bank of England's policymaking committee voted to cut interest rates, but this is one more member than last time, and there are signs that more people will join the “interest rate cut team” next month. The Bank of England has long said it relies on data, and next Tuesday's wage and employment data will become even more important.

FX678 FinanceMay 9 22:47 ET