UK GDP arrives at -0.1% MoM in Feb vs. +0.1% expected. GBP/USD keeps losses below 1.2400 on downbeat data. The UK GDP monthly release showed that the UK economy showed a contraction in February, arriving at -0.1% versus +0.1% expected and 0.0% previous. Meanwhile, Index of services (February) arrived at +0.2% 3M/3M vs. +0.1% expected and 0.0% last. 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). GBP/USD reaction The pound was little changed on the UK GDP contraction, as GBP/USD kept losses near 1.2370 region, slightly off the 1.2364 lows. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK Manufacturing Production rises by 0.5% MoM in Feb vs. +0.1% expected FX Street 2 years UK GDP arrives at -0.1% MoM in Feb vs. +0.1% expected. GBP/USD keeps losses below 1.2400 on downbeat data. The UK GDP monthly release showed that the UK economy showed a contraction in February, arriving at -0.1% versus +0.1% expected and 0.0% previous. Meanwhile, Index of services (February) arrived at +0.2% 3M/3M vs. +0.1% expected and 0.0% last. 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… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
