Trading news

Investors are waiting for British GDP disclosure today.

The British Office for National Statistics will announce today the final reading of the country GDP, which is expected not to be modified to remain at modest growth of 0.3% in the fourth quarter after shrinking for the growth of 0.3% in the fourth quarter of this year, and on the annual level. It is expected that the economy records a growth rate of 0.6% identical to the previous reading.

Also, we are waiting for the announcement of the sub-data which will show economic growth in the first quarter, but what is certain that British exports is still one of the main obstacles that stand without the return of life to the British economy back on track. This weakness in external demand for British products due to the continuing fallout from the sovereign debt crisis of the Euro Zone - the first trade partner - and that negatively affected the volume of trade with the euro area and the impact on growth rates in land ownership.

It is well-known that the primary factor behind the poor performance of the British economy is austerity policies adopted by the coalition government in 2010 and will continue to the year 2016, which entered the country at the stage of a deep recession. United Kingdom is standing currently at risk of a deadly recession in spite of the slight growth.

All the recent economic data confirms that the British economy is facing a critical economic stage and suffering from a clear fragility. To end with, it should be noted that all what we said above will cause the decline of the British Pound, which is still suffering greatly from the recent hints of the American Federal Reserve Bank about the possibility of withdrawal of stimulus packages a time later this year.

The Main Financial Indicators For June 27, 2013: (GMT) - 2am NZD ANZ Business Confidence - 8:55am EUR German Unemployment Change - 9:30am GBP Current Account - 9:30am GBP Final GDP q/q - Tentative EUR Italian 10-y Bond Auction - 1:30pm USD Unemployment Claims - 3:00pm USD Pending Home Sales m/m - 1:30pm CAD GDP m/m

Thursday, 27 Jun, 2013 / 8:13

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