Fri, 15 Nov 2024 12:18:34 GMT
UK GDP causes volatility
The monthly UK GDP data has surprised the markets by revealing that the UK economy has shrunk. Namely, the GDP has decreased by 0.1% instead of growing by 0.2%.
The GBP declined after the news. However, the decline ended after three hours and losses were recovered by midday.
The main reason for the recovery is the fact that the