UK GDP sends sterling pairs lower
On a quarter-on-quarter basis 0.3% was realized, flat from its previous level and in-line with expectations. However on a year-on-year basis, a worse-than-expected level of 0.3% was posted, missing market expectations of 0.6%.
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy.
GBPNZD 1.9507 -0.78%, GBPCAD 1.5935 -0.67%, GBPAUD 1.6405 -0.60%, EURGBP 0.8530 +0.42%, GBPUSD 1.5281 -0.22%, GBPJPY 149.99 +0.19% and GBPCHF 1.4416 -0.17%.
Story provided by StockMarketWire.com