BLBG:Pound Rises Versus Dollar Before U.K. Third-Quarter Growth Data
The pound advanced against the dollar before a report forecast to show the U.K. economy exited a recession in the third quarter.
Britain’s currency climbed 0.2 percent to $1.6070 at 8:01 a.m. London time and was little changed at 80.89 pence per euro.
Gross domestic product rose 0.6 percent from the previous three months, according to the median of 33 estimates in a Bloomberg News survey. The economy shrank 0.4 percent in the second quarter. The Office for National Statistics will publish the data at 9:30 a.m. in London.
To contact the reporter on this story: Emma Charlton in London at echarlton1@bloomberg.net
To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net
