The UK data

The news block on the UK has been very mixed due to the growing trade deficit and GDP growth in the UK.

• So, in the third quarter, the current account of the UK balance of payments did not meet the market’s expectations for growth and amounted to -22.8D, which indicates a significant slowdown in growth and retains some concerns about the UK economy.
• The GDP growth rate for the third quarter in annual terms increased significantly by 1.7%. But also this indicator maintains a downward trend and maintain a pessimistic mood.

As a result, the pair GBP/USD reacted very restrainedly to the block of ambiguous data on the UK. As a result, one should expect a restrained trade within the existing downward trend. It is worth noting that on Christmas Eve in the UK a short day, so expect a decline in activity in the market.

Fig. GBP/USD. The current price is 1.3380.

Hanzenko Anton