Data on Gross Domestic Product for the fourth quarter is due in the UK at 11:30 am (GMT+2). On a quarterly basis, the indicator is expected to grow slightly to 0.5% from 0.4% in the previous quarter. In annual terms, on the contrary, GDP growth is expected to slow down to 1.9% from 2.1%. GDP is a measure of the total value of all goods and services produced by the country. These statistics reflect the rate of economic growth or recession. A growth in the indicator might strengthen the Pound.
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