31.03.2016 - The UK economy grew by 0.6% in Q4
Today in the UK was published important data, according to which the country's economy grew by 0.6% in the 4th quarter of last year, which is 0.1% more than the forecast of analysts. At the same time, the country's balance of payments deficit unexpectedly rose to 32.7 billion against 21.1 billion expected. Overall balance of payments deficit last year totaled 5.2% of GDP. Such stats along with investors' concerns about the possible exit of Britain from the European Union, will have a negative impact on the British pound dynamics and we forecast a decrease to levels 1,3500-1,3600 in the coming months.