GBP, Highest Level Since March.

GBP – Sterling is trading at its highest level since March 24th as a report showed U.K construction expanded at a faster pace than economists predicted last month, fueling optimism that the economic recovery is picking up.

Overall, sterling rose 2.7% against the dollar in the first quarter as other data signaled the economy may be rebounding after shrinking in the 4th quarter by 0.5%. While economic conditions appear to be heading in the right direction, the BoE is widely expected to leave rates unchanged at their meeting on the 7th.(


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