Pound Mixed as GDP Matches Forecasts

The Great Britain pound demonstrated mixed performance today as UK GDP matched analysts’ forecast, falling quarter-on-quarter, but growing on an annual basis.

UK gross domestic product fell 0.3 percent in the fourth quarter of 2012, according to the second estimate. The figure matched the first estimate and analysts’ expectation. The economy grew 0.3 percent from a year ago.

GBP/USD rose a little from 1.5131 to 1.5126 as of 11:07 GMT today. At the same time, GBP/JPY dropped from 139.07 to 138.63.

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