• UK GDP arrived at 0.2% MoM in April vs. 0.2% expected.
• GBP/USD defends 1.2600 on as-expected UK GDP data.

The UK Gross Domestic Product (GDP) monthly release for April, reported this Wednesday, showed that the British economy grew 0.2% in April, matching the 0.2% expectations and following a 0.3% contraction in March.

Meanwhile, the Index of services (April) came in at -0.1% 3M/3M vs. 0.1% estimate and 0.1% prior.

Market reaction                                                         

The GBP/USD pair is little changed on in line with expectations UK GDP data. At the press time, the spot is losing 0.05% on the day to trade at 1.2605, awaiting the Fed verdict for fresh trading impetus.

About UK GDP

The Gross Domestic Product released by the National Statistics is a measure of the total value of all goods and services produced by the UK. The GDP is considered a broad measure of the UK economic activity. Generally speaking, a rising trend has a positive effect on the GBP, while a falling trend is seen as negative (or bearish).