Breaking: UK GDP shrinks -18.2% MoM in April vs. -18.4% expected, GBP/USD unfazed

• UK GDP arrived at -18.2%% MoM in April vs. -18.4% expected.
• GBP/USD holds on to the latest recovery attempt post-data.

more to come ...

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 as 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).