Sydney 00:00:00 Tokyo 00:00:00 London 00:00:00 New York 00:00:00
real time forex news and technical analysis

Pound through the floor as UK's GDP sinks into contraction

GBPUSD News by Newsroom on 04:37 February 11, 2019 EST

The UK economy shrank in January by 0,4% according to data released by the ONS on Monday morning. British GDP was expected to remain stagnant on the month but even that forecast was too optimistic.

In the previous month GDP has only grown by 0.2%.

The pound has lost the 1.29 handle immediately after the news release.