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12 Jan 2024
UK GDP rebounds 0.3% MoM in November vs. 0.2% expected
- UK GDP rate rose 0.% MoM in November vs. 0.2% forecast.
- GBP/USD remains unfazed below 1.2800 on upbeat UK GDP data.
The UK economy returned to expansion in November, rising 0.3% after contracting 0.3% in October, the latest data published by the Office for National Statistics (ONS) showed on Friday. The market had forecast an expansion of 0.2% in the reported period.
more to come ...