31.03.2015 - Data on the growth of the UK economy was better than expected
Today was published data on UK GDP, which in Q4 2014 increased by 0.6% compared with the previous estimate of 0.5% growth. It is worth noting that in the 3rd quarter of 2014, GDP grew by 0.7%. In general, for the year the UK economy grew by 2.8%. The largest contribution was recorded by the trade sector, which added 0.9% to GDP growth. Household spending remained the main driver of increasing the country's GDP. Despite this, the decline of the British pound is likely to continue in the near future, but its potential is significantly reduced.