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22 Dec 2020
GBP/USD jumps above 1.3400 after UK final GDP revised up to 16% QoQ in Q3
- UK GDP rebounded 16.0% QoQ in Q3 vs. 15.5% expected.
- UK Current Account deficit stood at GBP15.6 B in Q3.
- GBP/USD bounces-back above 1.3400 on the mixed UK data.
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).