UK GDP expands 0.4% MoM in May vs. 0.2% expected

• UK GDP arrived at 0.4% MoM in May vs. 0.2% estimate.
• GBP/USD remains above 1.2850 after the UK data.

The UK economy grew 0.4% over the month in May after stagnating in April, the latest data published by the Office for National Statistics (ONS) showed on Thursday. The data beat market expectations of 0.2% in the reported period.

more to come ....