GBP/USD: UK GDP and Manufacturing Production

The British Pound depreciated against the US Dollar, following the UK GDP data release on Friday at 08:30 GMT. The GBP/USD exchange currency rate lost 17 pips or 0.13% right after the release. The British Pound continued trading at the 1.3014 level against the Greenback.

Office for National Statistics released the UK GDP data, which came out worse-than-expected of negative 0.1% compared with forecast 0.0%. Note, that the UK Manufacturing Production data was released at the same time.

Despite the monthly GDP data release, which came out worse-than-expected, the UK economy is robust, as the Manufacturing Production jumped to 0.9%, and the quarterly GDP increased to 0.5%.