The British pound rose to a 7-week high

The British pound rose to a 7-week high against the US dollar on news that British economic growth rates have exceeded forecasts in the fourth quarter.
GBP/USD pair peaked at 1.2673, which was the highest value since December 14, rising to 1.2634.
According to the National Statistical Service of the United Kingdom the gross domestic product grew in the fourth quarter by 0.6%, which exceeded the forecast value (0.5%) and repeated the values from the third quarter.
Hopes for certainty about the Brexit also contributed to the growth of the pound. The UK Government has stated that in the purpose of the approval by the Parliament, it will publish on Thursday a preliminary version of the decision on application of Article 50 of the Lisbon Treaty (formally run out of the EU exit procedure).