The U.K. GDP was up 2.1% for a fourth consecutive month as COVID-19 lockdown measures eased, according to press release. August’s GDP is 21.7% higher than April’s record fall of 19.5%, but below February’s 9.2% growth before the full impacts of pandemic.
- GDP grew 8.0% in the three months to August 2020, below the expected 8.2%
- Prior GDP month on month basis revised lower to 6.4% from 6.6%
- Prior GDP growth of 3 months to a similar period last fiscal year revised higher to -6.8% from -7.6%
U.K. stocks and pound gaining with reported rising GDP. FTSE 100 is up 0.84%, GBPUSD is up 0.13%
