UK GDP rises 0.3% m/m in July, beats estimates – Cable regains 1.2300

The UK GDP monthly release showed 0.3% expansion in July versus +0.1% expected and 0.0% previous.

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).