30 Sep 2020
UK final GDP revised up to-19.8% QoQ in Q2, GBP/USD unfazed
- UK GDP plunged 19.8% QoQ in Q2 vs. -20.4% expected.
- UK Current Account deficit stood at GBP-2.8 B in Q2.
- GBP/USD keeps the red below 1.2850 on the mixed UK data.
The final reading of the second quarter 2020 UK GDP came in at -19.8% QoQ vs. -20.4% expected and -20.4% last while on an annualized basis the figure stood at -21.5% vs. -21.7% expected and -21.7% seen previously.
more to come ...