UK’s Sunak welcomes a recovery in the economic output
|The UK Finance Minister Rishi Sunak expresses his pleasure following the rebound in the economic output for April.
Key quotes
"Today’s figures are a promising sign that our economy is beginning to recover."
"But I know there are people who still need our support, which is why the furlough scheme is in place until September."
Market reaction
The GBP bulls were left unimpressed by the strengthening signs of an economic turnaround, as the growth figures missed the market consensus.
GBP/USD was last seen trading at 1.4175, almost unchanged on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.