09:02:01 12-04-2024
UK GDP rises 0.1% MoM in February, as expected
- UK GDP expanded 0.1% MoM in February vs. 0.1% estimate.
- GBP/USD remains below 1.2650 after the UK data.
The UK economy expanded 0.1% in February, having rebounded 0.3% in January, the latest data published by the Office for National Statistics (ONS) showed on Friday. The market consensus was for an expansion of 0.1% in the reported period.
Meanwhile, the Index of services (February) came in at 0.2% 3M/3M vs. January’s 0% print.
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