UK economy growth continues to accelerate.
The UK economic growth accelerated quicker than expecting. Still the UK economy is in very good progress and the high interest rates could not cool the economy. After the report and following the high inflation worldwide the Bank of England is ready for new interest rates raise to 6.00%. In the last few weeks the pound up to e 27-years record high against the dollar and all signals continue to support the raising of the pound.
All these factors compare with the bad situation in the US housing sector and the pressure for the dollar the pound became the most profitable currency by the last few months. The UK economy accelerated too fast and all factors continue to support the British pound.
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