According to the data, the UK economy grew by 0.5% in the second quarter, up from 0.4% previously announced. The GBP/USD exchange rate continued to strengthen, boosted by this news. The pound rose 0.2% against the US dollar to 1.3257. On Tuesday, the money market expected the Bank of England to raise interest rates by about 38 basis points before the end of the year.

According to the data, the UK economy grew by 0.5% in the second quarter, up from 0.4% previously announced. The GBP/USD exchange rate continued to strengthen, boosted by this news. The pound rose 0.2% against the US dollar to 1.3257. On Tuesday, the money market expected the Bank of England to raise interest rates by about 38 basis points before the end of the year.