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Surprise upgrade to UK growth

The UK's economic growth has been revised up for the first quarter of the year after construction data was found to be stronger than earlier estimates.

Growth for the three months to March was 0.2%, the Office for National Statistics a surprise upgrade from the earlier estimate of 0.1%.

The pound jumped as speculation grew about the possibility of an interest rate rise later this year.

Against the dollar, sterling rose by about half a cent to $1.3153.


BBC News

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