2024 Q2 UK GDP growth of 0.6% led to a 0.24% increase in the British Pound against the US dollar.

The British Pound increased 0.24% against the US dollar to $1.2857 on Thursday, following positive Q2 2024 GDP data showing a 0.6% economic growth in the UK. The Euro held steady above $1.10, supported by US inflation data reinforcing expectations of a Federal Reserve rate cut. Japan's Q2 GDP grew 3.1%, while Australian employment data surpassed expectations despite a slight increase in the jobless rate.

August 15, 2024
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