GBP/USD defends 1.3600 after UK GDP misses estimates with 0.4% in August

• UK GDP arrived at 0.4% MoM in Aug vs. 0.5% expected.
• GBP/USD remains little changed on the downbeat UK GDP.

The UK GDP monthly release showed that the economy expanded less-than-expected in August, arriving at 0.4% vs. 0.5% expectations and 0.1% previous.

more to come ...

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).