UK’s Sunak welcomes a recovery in the economic output

The UK Finance Minister Rishi Sunak expresses his pleasure following the rebound in the economic output for April.

Key quotes

"Today’s figures are a promising sign that our economy is beginning to recover."

"But I know there are people who still need our support, which is why the furlough scheme is in place until September."

Market reaction

The GBP bulls were left unimpressed by the strengthening signs of an economic turnaround, as the growth figures missed the market consensus.

GBP/USD was last seen trading at 1.4175, almost unchanged on the day.