Breaking: UK Preliminary GDP shrinks 0.1% QoQ in Q2 vs. -0.2% expected

• Quarterly GDP for the UK contracted by 0.1% in Q2 vs. -0.2% expected.
• UK GDP arrived at -0.6% MoM in June vs. -1.3% expected.
• GBP/USD recaptures 1.2200 on upbeat UK GDP.

The British economy contracted 0.1% QoQ in the three months to June when compared with a 0.8% growth booked in Q1 and -0.2% expectations.

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