UK GDP contracts 0.3% MoM in August

The UK Gross Domestic Product (GDP) monthly release showed on Wednesday that the economy returned to a contraction in August, arriving at -0.3% vs. 0% expectations and 0.2% previous.

Meanwhile, the Index of services (August) came in at -0.1% 3M/3M vs. 0.2% estimate and -0.2% prior.

The Cable remains little changed at around 1.1000 on the below-forecast UK growth numbers. The spot is adding 0.32% on the day.