The British economy expanded 1.3% on quarter in the final quarter of 2021, higher than the 1.0% growth in the previous period and above forecasts of 1.0%, the final revision published by the Office for National Statistics (ONS) showed Thursday.
The annual figures showed that the UK GDP rose by 6.6% in Q4 vs. 6.5% previous and 6.5% expected.
For the 2021 full year, the economy expanded by 7.5%, the most since 1941, recovering from a lower base, having contracted 9.4% in 2020.
Meanwhile, the Current Account data for the fourth quarter of 2021 came in at GBP-7.3B vs. GBP-17.6B expected and GBP-28.917B previous.
Market reaction
GBP/USD holds steady around 1.3130 on the upbeat UK economic data.
