- Quarterly GDP for the UK came in at 0.1% in Q1 vs. 0.1% expected.
- UK GDP arrived at -0.3% MoM in March vs. 0% expected.
- GBP/USD defends 1.2500 on mixed UK GDP data.
The UK economy grew 0.1% QoQ in the three months to March, compared with a 0.1% expansion booked in the final quarter of 2022 and 0.1% expectations.
On an annualized basis, the UK GDP expanded 0.2% in Q1 vs. 0.2% expected and a 0.6% growth registered in the previous quarter.
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