- UK GDP contracted 0.3% MoM in April, lacking estimates.
- GBP/USD pares beneficial properties towards 1.3550 after the UK financial knowledge.
The UK economic system contracted in April, with the Gross Home Product (GDP) declining 0.3%, having elevated by 0.2% in March, the most recent knowledge printed by the Workplace for Nationwide Statistics (ONS) confirmed on Thursday.
The market consensus was for a 0.1% decline within the reported interval.
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