- Quarterly GDP for the UK shrank 1.5% in Q1 vs. -1.6% expected.
- UK GDP arrived at 2.1% MoM in March vs. 1.4% expected.
- GBP/USD is little changed on the upbeat UK GDP while above 1.4100.
more to come …
About UK GDP
The Gross Domestic Product released by the National Statistics is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic activity. Generally speaking, a rising trend has a positive effect on the GBP, while a falling trend is seen as negative (or bearish).
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