UK GDP rebounds 0.5% MoM in February vs. 0.1% expected
- UK GDP expanded 0.5% MoM in February, beating estimates.
- GBP/USD keeps range near 1.3000 after the UK economic data.
The UK economy expanded in February, with the Gross Domestic Product (GDP) rebounding 0.5% after recording no growth in January, the latest data published by the Office for National Statistics (ONS) showed on Friday. The market forecast was for a 0.1% growth in the reported period.
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