  $\gamma p \rightarrow K^+ \Lambda$ differential cross sections and recoil
polarisation data from threshold for extremely forward angles are presented.
The measurements were performed at the BGOOD experiment at ELSA, utilising the
high angular and momentum resolution forward spectrometer for charged particle
identification. The data discriminates between conflicting results in the world
data set and enable extraction of the cross section as the minimum momentum
transfer to the recoiling hyperon is approached.
