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Breaking: GBP/USD drops sharply towards 1.2950 as UK GDP arrives at -0.3% MoM in Nov, misses estimates

  • UK GDP arrives at -0.3% MoM in Nov vs. 0.0% expected.
  • GBP/USD drops further on downbeat data.

The UK GDP monthly release showed that the UK economy showed contraction in November, arriving at -0.3% versus 0% expected and 0% previous.

United Kingdom Trade Balance; non-EU registered at £1.734B above expectations (£-3.5B) in November

United Kingdom Trade Balance; non-EU registered at £1.734B above expectations (£-3.5B) in November
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United Kingdom Index of Services (3M/3M) registered at 0.1%, below expectations (0.2%) in November

United Kingdom Index of Services (3M/3M) registered at 0.1%, below expectations (0.2%) in November
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