Justin Tallis | AFP | Getty Images
A Union Jack flag flies near the Elizabeth Tower, commonly referred to as Big Ben, at the Houses of Parliament in central London, U.K., on March 29, 2017.
The U.K. economy grew by 0.4 percent in the third quarter of this year, beating market estimates, and potentially boosting the chances of a rate by the Bank of England.
Prior to the release, sterling was trading very slightly down against the U.S. dollar at $1.312, but quickly turned higher on the data.
In the second quarter, the U.K.’s gross domestic product (GDP) rose 0.3 percent (quarter-on-quarter) in the three-month period, demonstrative of a Brexit-related economic slowdown.
