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UK GDP rebounds 0.1% MoM in November vs. 0.2% expected

  • UK GDP jumped 0.1% MoM in November, missing the forecast.
  • GBP/USD retests 1.2200 after the UK economic data.

The UK economy returned to expansion, with the Gross Domestic Product (GDP) arriving at 0.1% in November after declining 0.1% in October, according to the latest data published by the Office for National Statistics (ONS) on Thursday. Markets expected a 0.2% growth in the reported period.

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