- UK GDP hit 2.3% MoM in April versus 2.4% expected.
The UK’s monthly GDP release has shown that the economy grew less than expected in April, reaching 2.3% compared to the 2.4% expected and from the previous 2.1%.
Meanwhile, the services index in April stood at 1.4% quarter-on-quarter, compared to -2.0% previously.
About UK GDP
The Gross Domestic Product published by National Statistics is a measure of the total value of all goods and services produced by the UK. GDP is seen as a broad measure of UK economic activity. Generally speaking, an uptrend has a positive effect on the British pound, while a declining trend is seen as negative (or bearish).
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