26.05.2016 - British GDP grew by 0.4%

Today, has been published important statistics on GDP growth in the UK, which, according to preliminary data, increased by 0.4% in Q1, in line with expectations, but the increase was less than 0.6% in the fourth quarter of last year. In annual terms, GDP growth was 2.0%. It should be noted that the services in the country grew by 0.6%, while construction fell by 1.0%. A key influence on the dynamics of the British pound in the near future will have speculations about a referendum on the country's membership in the EU, which will be held on June 23, and after that we expect growth of price with the potential of reaching 1.5000 and 1.5150.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.