The British pound showed strong price movement today
The price of the British pound showed increased volatility today in connection with the publication of conflicting statistics. The final report on GDP growth in the UK has shown the revision of the index to 0.4% in the third quarter against the previous estimate of 0.5%. At the same time statistics on the balance of payments deficit which amounted to 17.5 billion pounds compared with an expected growth of up to 21.5 billion, was able to neutralize the negative effect of the weak GDP data. Despite the current positive trend, we maintain a medium-term negative outlook on the British pound.
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