Market Focus

On Thursday, March 29, 2018, 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 percent of GDP shows the growth rate of the economy as a whole.

According to the forecast, GDP growth in the fourth quarter will remain at the level of 0.4%. On an annualized basis, the indicator will grow to a level of 1.5%, against the previous value of 1.4%. The publication of data within the framework of the forecast will give some support to the pound. In case of a more significant excess of previous values, one should expect the growth of the British currency within 40-60 points against the basket of currencies.

Alexander Sivtsov