The Great Britain pound surged today after the Standard & Poor’s raised the credit outlook for Britain and the GDP report trimmed the bets for the quantitative easing.
The Standard & Poor’s raised the Britain’s outlook from negative to stable and confirmed the Britain’s AAA credit rating. The preliminary GDP report showed that the gross domestic product grew 0.8 percent in the third quarter, compared to the expected value of 0.4 percent.
GBP/USD went up from the opening level of 1.5720 to 1.5841 as of 13:19 GMT, following the advance to 1.5894. GBP/JPY advanced from 127.06 to 128.77.
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