UK GDP arrives at 0% MoM in April, as expected
- UK GDP came in at 0% MoM in April vs. 0% forecast.
- GBP/USD remains below 1.2750 after the UK data.
The UK economy stalled in April, with GDP arriving at 0% after expanding 0.4% in March, the latest data published by the Office for National Statistics (ONS) showed on Wednesday. Markets expected no growth in the reported period.
Meanwhile, the Index of services (April) came in at 0.9% 3M/3M vs. March’s 0.7% print and 0.8% forecast.
Other data from the UK showed that Industrial Production and Manufacturing Production dropped 0.9% and 1.4%, respectively, on a monthly basis, in April.
Separately, the UK Goods Trade Balance came in at GBP-19.607 billion MoM in April vs. GBP-14.20 billion expected and GBP-13.967 billion previously.
Market reaction to the UK data
The Pound Sterling is unperturbed by the mixed UK economic data. At the press time, GBP/USD is trading 0.05% higher on the day at 1.2746.
British Pound PRICE Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.04% | -0.05% | 0.08% | -0.09% | -0.20% | -0.08% | -0.02% | |
| EUR | 0.04% | -0.01% | 0.12% | -0.09% | -0.19% | -0.04% | 0.00% | |
| GBP | 0.05% | 0.01% | 0.14% | -0.05% | -0.14% | 0.00% | 0.03% | |
| JPY | -0.08% | -0.12% | -0.14% | -0.20% | -0.29% | -0.16% | -0.11% | |
| CAD | 0.09% | 0.09% | 0.05% | 0.20% | -0.11% | 0.05% | 0.06% | |
| AUD | 0.20% | 0.19% | 0.14% | 0.29% | 0.11% | 0.15% | 0.20% | |
| NZD | 0.08% | 0.04% | -0.00% | 0.16% | -0.05% | -0.15% | 0.03% | |
| CHF | 0.02% | 0.00% | -0.03% | 0.11% | -0.06% | -0.20% | -0.03% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
