{"id":105718,"date":"2020-10-09T09:54:38","date_gmt":"2020-10-09T08:54:38","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105718"},"modified":"2020-10-09T11:13:24","modified_gmt":"2020-10-09T10:13:24","slug":"104502-pound-brushes-aside-the-weaker-than-expected-gdp","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104502-pound-brushes-aside-the-weaker-than-expected-gdp\/","title":{"rendered":"Pound Brushes Aside the Weaker-than-Expected GDP"},"content":{"rendered":"<ul>\n<li>British Pound steady, holding gains near the big psychological number 1.3000.<\/li>\n<li>UK GDP disappoints at 2.1% in August compared to 4.6% forecasted.<\/li>\n<\/ul>\n<p>According to the latest GDP figures, the UK economy expanded at a slower pace than expected showing a much deeper slowdown than anticipated. The UK economy only expanded by +2.1% in August as the recovery from the COVID-19 crisis slowed.<\/p>\n<p>At the same time, the services industries within the UK economy recovered at a faster pace than expected coming in at +7.1% compared to the expected figure of -4.0%, and much better than the prior reading of -8.0%.<\/p>\n<p>For the British Pound, the GDP data miss was mostly a catalyst to slow down the two-day rally that started from Wednesday low.<\/p>\n<p>At 08:50 UTC, GBP\/USD trades +0.05% at 1.2938 near the upper end of its daily range.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>British Pound steady, holding gains near the big psychological number 1.3000. UK GDP disappoints at 2.1% in August compared to 4.6% forecasted. According to the latest GDP figures, the UK economy expanded at a slower pace than expected showing a much deeper slowdown than anticipated. The UK economy only expanded by +2.1% in August as [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":4279,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1657,1888,1813],"class_list":{"0":"post-105718","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd","9":"tag-british-pound","10":"tag-gbp-usd","11":"tag-uk-gdp"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pound Brushes Aside the Weaker-than-Expected GDP - 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\/104502-pound-brushes-aside-the-weaker-than-expected-gdp\/\" \/>\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\\\/104502-pound-brushes-aside-the-weaker-than-expected-gdp\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104502-pound-brushes-aside-the-weaker-than-expected-gdp\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"Pound Brushes Aside the Weaker-than-Expected GDP\",\"datePublished\":\"2020-10-09T08:54:38+00:00\",\"dateModified\":\"2020-10-09T10:13:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104502-pound-brushes-aside-the-weaker-than-expected-gdp\\\/\"},\"wordCount\":138,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104502-pound-brushes-aside-the-weaker-than-expected-gdp\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100327-gbp-eur-uk-gdp-boost.jpg\",\"keywords\":[\"british pound\",\"gbp\\\/usd\",\"uk gdp\"],\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104502-pound-brushes-aside-the-weaker-than-expected-gdp\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104502-pound-brushes-aside-the-weaker-than-expected-gdp\\\/\",\"name\":\"Pound Brushes Aside the Weaker-than-Expected GDP - 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