The National Statistics’ Gross Domestic Product serves as a gauge for the total value of all products and services generated in the UK.
A comprehensive indicator of the UK economy is said to be the GDP.
In general, the GBP is thought to benefit from rising trends while suffering from decreasing ones (or bearish).
The UK’s monthly Gross Domestic Product (GDP) report released on Friday revealed a surprise increase in the economy in November, coming in at 0.1% vs. -0.2% forecasts and 0.5% before.
The Index of Services (November) came in at -0.1% 3M/3M vs a forecast of -0.4% and a prior reading of -0.1%.
