10.07.2015 - The British pound showed strong growth

Today in the UK has been published statistics on the country's trade balance deficit which in May fell to 8,0 billion pounds against analysts' forecasts at 9.7 billion pounds. This figure was the lowest since June 2013. The reason for the improvement in exports was the increase of 0.1% and a decline in imports by 5.5%. As a result, we saw strong growth of the British pound within which the price may reach the upper limit of the downward channel. Our medium-term outlook for the British currency remains negative.

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