27.07.2016 - British GDP grew by 0.6%

Today was released an important preliminary data on the growth of the UK’s economy in the second quarter. Thus, the economy of the country in which voted for an exit from the EU expanded by 0.6% in the previous quarter, which was 0.1% more than the forecast and 0.2% more than in Q1. Annual GDP growth was 2.2%. The reason for the positive statistics has become a strong growth in the country's industry, but given the recent referendum results, we expect a slowdown in the local economy and we expect a further decline of the British currency in the medium term with targets at 1.2600 and 1.2200.

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