UK GDP expands 0.2% MoM in August, as expected

• UK GDP rate rose 0.2% MoM in August vs. 0.2% expected.
• GBP/USD keeps gains above 1.2300 on as expected UK GDP data.

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About UK 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 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).