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UK GDP declines 0.1% MoM in January vs. +0.1% expected

  • UK GDP decreased 0.1% MoM in January, missing estimates by a wide margin.
  • GBP/USD drops toward 1.2900 after the UK economic data.

The UK economy contracted in January, with the Gross Domestic Product (GDP) coming in at -0.1% after increasing 0.4% in December, according to the latest data published by the Office for National Statistics (ONS) on Friday. Markets projected a 0.1% growth in the reported period.

United Kingdom Index of Services (3M/3M) above expectations (0.3%) in January: Actual (0.4%)

United Kingdom Index of Services (3M/3M) above expectations (0.3%) in January: Actual (0.4%)
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Germany Harmonized Index of Consumer Prices (MoM) came in at 0.5%, below expectations (0.6%) in February

Germany Harmonized Index of Consumer Prices (MoM) came in at 0.5%, below expectations (0.6%) in February
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