UK GDP rises 0.1% MoM in February, as expected

Source Fxstreet
Apr 12, 2024 06:02
  • 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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