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  • UK GDP rebounded 16.0% QoQ in Q3 vs. 15.5% expected.
  • UK Current Account deficit stood at GBP15.6 B in Q3.
  • GBP/USD bounces-back above 1.3400 on the mixed UK 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).