The British pound reacts cautiously to strong UK GDP data.

Jin10 data reported on May 15, Mitsubishi UFJ analyst Derek Halpenny stated in a report that the pound reacted mildly to the improvement in UK economic growth data, indicating a cautious interpretation of the data. The data shows that following a 0.1% growth in the previous quarter, the UK economy grew by 0.7% in the first quarter, but this was driven by unstable factors in business investment. This may mean that investors will remain cautious about overinterpreting the first quarter data. In light of the tariff measures announced in the U.S. in April, the Central Bank of the UK sees risks of an economic slowdown, and thus should further gradually cut interest rates.