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UK GDP falls 0.3% MoM in April vs. -0.1% expected

  • UK GDP contracted 0.3% MoM in April, missing estimates.
  • GBP/USD pares gains toward 1.3550 after the UK economic data.

The UK economy contracted in April, with the Gross Domestic Product (GDP) declining 0.3%, having increased by 0.2% in March, the latest data published by the Office for National Statistics (ONS) showed on Thursday.

The market consensus was for a 0.1% decline in the reported period.

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United Kingdom Goods Trade Balance registered at £-23.206B, below expectations (£-20.5B) in April

United Kingdom Goods Trade Balance registered at £-23.206B, below expectations (£-20.5B) in April
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United Kingdom Index of Services (3M/3M) below expectations (0.7%) in April: Actual (0.6%)

United Kingdom Index of Services (3M/3M) below expectations (0.7%) in April: Actual (0.6%)
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