The GBP/USD pair has seen its upside renewed after UK’s GDP figures have surprised markets to the upside today, showing that the economy has expanded at an annual pace of 2.1% (vs. 1.9% exp.) and 0.6% inter-quarter (vs. 0.5% exp.) during October-December 2015.
Further data saw UK’s Current Account deficit at £32.7 billion during the same period, more than the initially forecasted at £21.1 billion and at record highs.
GBP/USD Spot has thus managed to regain the 1.4400 neighborhood in the wake of the releases, bouncing off daily lows near 1.4330.