According to the latest data published by the UK’s National Statistics, the nation’s Gross Domestic Product (GDP) for the second quarter came in at 0.2% QoQ, matching the 0.2% expectations and following a 0.2% expansion in the previous reading.
Annually, the UK GDP expanded 0.6% in Q2 versus 0.4% expected, and a 0.4% increase seen in the previous quarter.
About the UK Gross Domestic Product (GDP)
The Gross Domestic Product released by the National Statistics is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic activity. Generally speaking, a rising trend has a positive effect on the GBP, while a falling trend is seen as negative (or bearish).
