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unfazed
UK GDP shrinks -18.2% MoM in April vs. -18.4% expected, GBP/USD unfazed
UK GDP arrived at -20.4%% MoM in April vs. -18.4% expected. GBP/USD holds on to the latest recovery attempt post-data. The UK GDP monthly release showed that the economy contracted by a record during April lockdown, arriving at -20.4% versus -18.4% expected and -5.8% previous. Meanwhile, Index of services (April) arrived at -9.9% 3M/3M vs. …