6:03 AM · 29 September 2023

BREAKING: GBP ticks higher after UK GDP data revision

Revised UK GDP report for Q2 2023 was released today at 7:00 am BST. Initial readings signaled a 0.2% QoQ and 0.4% YoY expansion of the UK economy in April - June 2023 period. However, revised data released today confirmed 0.2% QoQ expansion but year-over-year data was revised higher to 0.6% YoY.

This has triggered an uptick on the GBP market. However, scale of gains was minimal and did not exceed 0.05% on the GBPUSD in the first minutes following the release.

Source: xStation5

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