- UK GDP arrived at -18.2%% MoM in April vs. -18.4% expected.
- GBP/USD holds on to the latest recovery attempt post-data.
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).