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Trading news
16 Jan 2025
UK GDP rebounds 0.1% MoM in November vs. 0.2% expected
- UK GDP jumped 0.1% MoM in November, missing the forecast.
- GBP/USD retests 1.2200 after the UK economic data.
The UK economy returned to expansion, with the Gross Domestic Product (GDP) arriving at 0.1% in November after declining 0.1% in October, according to the latest data published by the Office for National Statistics (ONS) on Thursday. Markets expected a 0.2% growth in the reported period.
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