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The UK GDP monthly release showed 0.3% expansion in July versus +0.1% expected and 0.0% previous.


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).