The British received support: UK GDP data

The British pound is trading against the US dollar in a predominantly flat, receiving support from positive data on Britain’s GDP.

• According to published data, the UK GDP grew by 0.4% in the third quarter, exceeding analysts’ forecast at 0.3%. On an annualized basis, the growth rate was 1.7%, which is higher than the previous value at the level of 1.5%.

Technical analysis: The GBP/USD pair keeps a downtrend in the short term with the main support levels at 1.3330; 1,3300. The main resistance levels are 1.3420; 1.3445.

The main recommendations: Today is the penultimate Friday of the month, which is also almost the eve of the Catholic Christmas, and therefore it is worthwhile to approach trade with extreme caution, since large players can already start fixing positions on long-term deals and there may be sudden price jumps on the market.

Fig. GBP/USD. The current price is $ 1.3385.

Alexander Sivtsov