- UK GDP rises 0.9% MoM in November versus 0.4% expected.
The monthly publication of UK GDP has shown that the economy expanded more than expected in November, rising 0.9% versus 0.4% expected. and compared to 0.1% in the prior month prior.
On the other hand, the services index for November reached 1.3% month-on-month, compared to the 0.5% expected and the 1.2% seen the previous month.
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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