“Despite a difficult start to this year, economic growth in March is a promising sign of things to come,” the UK Finance Minister Rishi Sunak said after the economy shrank 1.5% in the first quarter of 2021.
He added: “As we cautiously reopen the economy, I will continue to take all the steps necessary to support our recovery.”
Additional comments
“Household incomes have been protected during the pandemic, which bodes well for household spending this year.”
“Return to offices a decision for employees and employers.”
GBP/USD reaction
Upbeat remarks from Sunak and a late bid caught on the encouraging UK GDP data appear to aid the rebound in GBP/USD from 1.4107 lows.
The spot was last seen changing hands at 1.4133, down 0.06% on the day.