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GBP/USD jumps above 1.3400 after UK final GDP revised up to 16% QoQ in Q3


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GBP/USD jumps above 1.3400 after UK final GDP revised up to 16% QoQ in Q3NEWS |
12/22/2020 7:02:12 AM GMT
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By Dhwani Mehta
UK GDP rebounded 16.0% QoQ in Q3 vs. 15.5% expected.
UK Current Account deficit stood at GBP15.6 B in Q3.
GBP/USD bounces-back above 1.3400 on the mixed UK data.
The final reading of the third quarter 2020 UK GDP came in at 16.0% QoQ vs. 15.5% expected and 15.5% last while on an annualized basis the figure stood at -8.6% vs. -9.6% expected and -9.6% seen previously.
The Current Account numbers for Q3 came in at GBP-15.6 B versus GBP-11 B expected and GBP -2.8 B prior. ....

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