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12 Oct 2022
UK GDP contracts 0.3% MoM in August vs. 0% expected
- UK GDP arrived at -0.3% MoM in August vs. 0% expected.
- GBP/USD keeps its range around 1.1000 on UK GDP big miss.
The UK Gross Domestic Product (GDP) monthly release showed on Wednesday that the economy returned to contraction in August, arriving at -0.3% vs. 0% expectations and 0.2% previous.
more to come ...