On June 10, 2024, the City of London's skyline in the United Kingdom showcased a thriving economy, with a 0.4% growth in GDP for May. The pound Sterling surged against the U.S. dollar to a four-month high, reflecting investors' confidence in the British economy. The services sector led the growth, expanding by 0.3%, while production and construction also saw positive gains. The newly-elected Labour Party, under Prime Minister Keir Starmer's leadership, is set to benefit from this economic upturn. Goldman Sachs upgraded its growth forecast for the U.K. following the Labour Party's victory in the general election, attributing it to the party's pro-growth agenda. With a parliament majority and business-friendly policies, the government is seen as supportive of U.K. assets. This news highlights a promising outlook for the British economy.