Market Foсus

On Friday, December 22, 2017, attention should be paid to the data on the GDP of Great Britain. Gross Domestic Product (GDP) is a general indicator of economic activity and is a key indicator of the health of the economy. Quarterly dynamics of GDP percentage shows the growth rate of the economy as a whole.

According to the forecast, the GDP growth in the third quarter will be 0.3%, which is lower than the previous value at the level of 0.4%. On an annualized basis, the indicator will increase to 1.6%, which exceeds the previous figure at 1.5%. The publication of data within the forecast will provide some support for the British currency. In case of exceeding the forecast, one should expect the growth of the British currency within 40-50 points against competitors. In the event that the actual data turn out to be lower than the previous values, it is necessary to expect a decrease in the British currency within the 40-50 points against competitors.

Alexander Sivtsov