Sterling Slides 0.01% Amid Strong Q1 GDP

GBP/USD fell 0.01% to 1.3520 as UK Q1 GDP grew 0.6% QoQ, 1.1% YoY, beating forecasts.
Political uncertainty rose with Health Secretary Wes Streeting's leadership challenge and Manchester mayor Andy Burnham's ambitions, dampening sterling rally.
ING analyst Francesco Pesole warned markets remain skeptical, citing seasonal adjustment distortions and potential downside if gilts fall amid political escalation.
Middle Eastern energy shock pressures manufacturing and raises import costs, complicating the Bank of England's inflation outlook.