UK Q2 GDP growth of 0.4% supports the British Pound, pushing GBP/USD above 1.3500 amid energy price resilience.
The British Pound has outperformed major currencies in August, with GBP/USD rising above 1.3500. UK economic resilience, particularly in the face of energy price shocks linked to geopolitical tensions, drove the gains.
Second-quarter GDP grew by 0.4%, following a 0.6% increase in the prior period. The data suggests the UK economy is weathering external pressures better than anticipated, bolstering confidence in the currency.
No immediate market reaction was specified, but the pound’s strength reflects improved sentiment toward UK economic stability.