27.10.2015 - UK GDP rose by 0.5% in the third quarter
Today was published important statistics on the growth of the British economy in the third quarter. Thus, the analysts forecast an increase by 0.6%, but the figure was only 0.5%. In the second quarter of this year, the economy grew by 0.7%. It is worth noting that in comparison with the same period of the last year, the growth of the UK’s economy has slowed to 2.3%, the lowest level since 2012. The service sector showed an increase of 0.7%, but industrial production fell by 0.3%, which was the third in a row this year. Our medium-term outlook for the British pound remains negative with the immediate objectives at 1.5200 and 1.5000. We look forward to strong growth of volatility in the near future against the backdrop of tomorrow's Fed statement on monetary policy the United States.