- UK GDP rose 0.1% month-on-month in November, missing forecast.
- GBP/USD retests 1.2200 after UK economic data.
The UK economy expanded again, with Gross Domestic Product (GDP) standing at 0.1% in November after falling 0.1% in October, according to the latest data published by the Office for National Statistics (ONS) on Thursday . Markets expected growth of 0.2% in the reported period.
Meanwhile, the Services Index (October) stood at 0% 3M/3M compared to 0.1% in October.
Other data from the United Kingdom showed that monthly industrial and manufacturing production fell by 0.4% and 0.3%, respectively, in November. Both readings surprised markets to the downside.
Separately, the UK goods trade balance stood at GBP-19.311 billion MoM in the same period versus GBP-17.9 billion expected and GBP-19.327 billion previously.
Market reaction to UK data
The economic data of the United Kingdom revived the decline in the Pound sterling. At the time of publication, the GBP/USD it is trading 0.29% down on the day near 1.2200.
Pound Sterling PRICE Today
The table below shows the percentage change of the British Pound (GBP) against major currencies today. Pound sterling was the weakest currency against the Japanese yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.08% | 0.31% | -0.23% | 0.22% | 0.35% | 0.29% | -0.06% | |
| EUR | -0.08% | 0.22% | -0.29% | 0.14% | 0.27% | 0.21% | -0.13% | |
| GBP | -0.31% | -0.22% | -0.53% | -0.08% | 0.05% | -0.02% | -0.35% | |
| JPY | 0.23% | 0.29% | 0.53% | 0.44% | 0.56% | 0.45% | 0.16% | |
| CAD | -0.22% | -0.14% | 0.08% | -0.44% | 0.14% | 0.06% | -0.27% | |
| AUD | -0.35% | -0.27% | -0.05% | -0.56% | -0.14% | -0.06% | -0.39% | |
| NZD | -0.29% | -0.21% | 0.02% | -0.45% | -0.06% | 0.06% | -0.33% | |
| CHF | 0.06% | 0.13% | 0.35% | -0.16% | 0.27% | 0.39% | 0.33% |
The heat map shows percentage changes for major currencies. The base currency is selected from the left column, while the quote currency is selected from the top row. For example, if you choose the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change shown in the box will represent the GBP (base)/USD (quote).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
