UK GDP falls 0.3% MoM in April vs. -0.1% expected

• UK GDP contracted 0.3% MoM in April, missing estimates.
• GBP/USD pares gains toward 1.3550 after the UK economic data.

The UK economy contracted in April, with the Gross Domestic Product (GDP) declining 0.3%, having increased by 0.2% in March, the latest data published by the Office for National Statistics (ONS) showed on Thursday.

The market consensus was for a 0.1% decline in the reported period.

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