UK Gross Domestic Product increased 16% in the third quarter of the year, surpassing the 15.5% expected. In the second quarter, GDP fell 19.8%, and in the first it fell 2.2%.
He Year-on-year GDP falls 8.6% in the third quarter of 2020, moderating the decline of 9.6% expected and the sharp drop of 21.5% seen in the previous quarter.
GBP / USD reaction
He GBP / USD has reacted higher to the release, rising about 60 pips until reaching the 1.3452 zone, still far from the maximum of the American session yesterday, located at 1.3499. At time of writing, the pound has lost some momentum and is trading against the dollar above 1.3423, shedding 0.23% on the day.
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