{"id":105436,"date":"2020-09-30T08:22:56","date_gmt":"2020-09-30T07:22:56","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105436"},"modified":"2020-09-30T08:24:41","modified_gmt":"2020-09-30T07:24:41","slug":"104506-sterling-holds-ground-uk-q2-gdp-final-readings-offer-no-hope","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104506-sterling-holds-ground-uk-q2-gdp-final-readings-offer-no-hope\/","title":{"rendered":"Sterling Holds Ground, UK Q2 GDP Final Readings Offer No Hope"},"content":{"rendered":"<ul>\n<li>Second-quarter GDP fell by 19.8 Percent, slightly betters expectations.<\/li>\n<li>UK Q2 current-account-deficit came in at -2.8 billion pounds.<\/li>\n<li>GBP\/USD below 1.2850.<\/li>\n<li>The total business investment provides a ray of hope.<\/li>\n<\/ul>\n<p>The second-quarter UK GDP contracted by 19.8 Percent, mostly in line with expectations of -20.4 Percent on a QoQ basis. The previous quarter had a contraction of 20.4 Percent. On an annualised basis, the figures were at -21.5 Percent against an expectation of -21.7 Percent and -21.7 Percent in the earlier period.<\/p>\n<p>The current account figures for the second quarter were at -2.8 billion pounds compared to the expectations of -0.4 billion pound and -21.1 billion pounds in the earlier period.<\/p>\n<p>The total business investments were at -26.5 Percent on a QoQ basis compared to -31.4 Percent previous and -31.4 Percent expectations.<\/p>\n<p>The GBP\/USD didn&#8217;t react much to the mixed data and was in the red below 1.2850.<\/p>\n<p>The GDP figures are released by the National Statistics and measure the total value of goods and services in the UK, providing a broad picture of the economy. A rise in GDP is often positive for the pound while a falling economic trend weakens the currency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Second-quarter GDP fell by 19.8 Percent, slightly betters expectations. UK Q2 current-account-deficit came in at -2.8 billion pounds. GBP\/USD below 1.2850. The total business investment provides a ray of hope. The second-quarter UK GDP contracted by 19.8 Percent, mostly in line with expectations of -20.4 Percent on a QoQ basis. The previous quarter had a [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":5730,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[],"class_list":{"0":"post-105436","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sterling Holds Ground, UK Q2 GDP Final Readings Offer No Hope - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104506-sterling-holds-ground-uk-q2-gdp-final-readings-offer-no-hope\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104506-sterling-holds-ground-uk-q2-gdp-final-readings-offer-no-hope\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104506-sterling-holds-ground-uk-q2-gdp-final-readings-offer-no-hope\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"Sterling Holds Ground, UK Q2 GDP Final Readings Offer No Hope\",\"datePublished\":\"2020-09-30T07:22:56+00:00\",\"dateModified\":\"2020-09-30T07:24:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104506-sterling-holds-ground-uk-q2-gdp-final-readings-offer-no-hope\\\/\"},\"wordCount\":202,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104506-sterling-holds-ground-uk-q2-gdp-final-readings-offer-no-hope\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/gbp-usd-pair-holds-stady.jpg\",\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104506-sterling-holds-ground-uk-q2-gdp-final-readings-offer-no-hope\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104506-sterling-holds-ground-uk-q2-gdp-final-readings-offer-no-hope\\\/\",\"name\":\"Sterling Holds Ground, UK Q2 GDP Final Readings Offer No Hope - 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