UK GDP rises 0.2% MoM in August, as expected

• UK GDP expands 0.2% MoM in August, matches estimates
• GBP/USD battles 1.3050 after the UK data.

The UK economy expanded by 0.2% over the month in August, having stagnated for the second consecutive month in July, the latest data published by the Office for National Statistics (ONS) showed on Friday. The reading matched the market consensus of 0.2% growth in the reported period.

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