UK GDP expands 0.2% MoM in July

The UK GDP monthly release showed that the economy rebounded in July, growing at 0.2% vs. 0.5% expectations and -0.6% previous.

A Reuters poll of economists had pointed to month-on-month growth of 0.4% in July. Meanwhile, the Index of services (July) came in at -0.2% 3M/3M vs. -0.8% estimate and -0.4% prior.

The Cable remains little changed on the below-forecast UK growth numbers. The spot is adding 0.22% on the day.