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GBP/USD stays unfazed above 1.37 after UK GDP beats estimates with 0.9% in November

  • UK GDP arrived at 0.9% MoM in Nov vs. 0.4% expected.
  • GBP/USD is little changed around 1.3730 on upbeat UK GDP.

The UK GDP monthly release showed that the economy expanded more than expected in November, arriving at 0.9% vs. 0.4% expectations and 0.1% previous.

 

more to come ....

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).

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