The Cable pair fell on the back of the rising dollar’s demand, ending the day in the 1.4060 price zone. Market players disregarded encouraging UK data, as the country reported mostly better-than-anticipated figures. The Q1 Gross Domestic Product came in at -1.5%, while the March monthly GDP printed at 2.1%. In the same month, Industrial Production rose by 3.6% YoY, while Manufacturing Production was up by 4.8% YoY.
The positive headlines were no surprise amid the remarkable immunization campaign in the country leading to economic reopening. The UK will not publish macroeconomic data on Thursday, although BOE’s Cunliffe is due to speak about digital currencies and cross-border payments at an online event.
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