UK GDP flat sending sterling pairs lower
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.
However, also released was the UK’s Business Investment data, which posted a decline of -0.4%, down markedly from market expectations of 1.7%. GBPJPY 152.44 -1.38%, GBPCHF 1.4549 -1.00%, GBPUSD 1.5067 +0.13%, EURGBP 0.8549 +0.12% and GBPNZD 1.8720 -0.10%.
The UK FTSE 100 is currently down -1.9% off its previous close, trading at 6710.10.
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