- UK GDP arrived at 0.2% MoM in April vs. 0.2% expected.
- GBP/USD defends 1.2600 on as expected UK GDP data.
The UK Gross Domestic Product (GDP) monthly release for April, reported this Wednesday, showed that the British economy grew 0.2% in April, matching the 0.2% expectations and following a 0.3% contraction in March.
Meanwhile, the Index of services (April) came in at -0.1% 3M/3M vs. 0.1% estimate and 0.1% prior.