Pound Sterling Flat After Mixed GDP Data | investing.com – Investing.com

Pound Sterling Flat After Mixed GDP Data | investing.com – Investing.com

The pound is showing limited movement in the Wednesday session. In European trade, is trading at 1.4132, down 0.07%.

UK numbers were a mixed bag, as the economy contracted in the first quarter of 2o21. At the same time, the monthly GDP outperformed.

Analysts had expected the British economy to shrink in Q1, and this was the case, with a GDP read of -1.5%. This was slightly better than the forecast of -1.7%, but pointed to a bruising quarter, as the economy was hampered by lockdown restrictions and trade disruptions due to Brexit, such as the buildup of containers in British ports.