The pound spikes vs. the dollar following news that the U.K. economy was not as bad as...

|By:, SA News Editor

The pound spikes vs. the dollar following news that the U.K. economy was not as bad as previously thought in Q2 and may even have shown growth. Cable +0.3% to $1.6212. The euro's -0.2% to $1.2852, probably not helped by a report of a bailout for another Spanish region and more anti-austerity protests in Madrid.