UK GDP eases to 0.1% versus 0.6% in July, GBP/USD steps back to 1.3845

UK GDP

Manufacturing Production

Industrial Production

UK data-dump for July, released early Friday, coveys that the monthly GDP figure

Further details suggest that the Manufacturing Production

Versus

Additionally, the Industrial Production

GBP/USD

In a reaction to the key UK data, the GBP/USD

GBP/USD pushes near 1.3850 amid USD retreat, UK data eyed

About UK GDP

The Gross Domestic Product released by the National Statistics is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic activity. Generally speaking, a rising trend has a positive effect on the GBP, while a falling trend is seen as negative (or bearish).