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GBP/USD Forecast: weighed by disappointing GDP

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 27, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    The GBP/USD pair fell down to 1.5307 following the release of the UK preliminary Q3 GDP below expected. According to official data, the economy grew by 0.5%, below the median estimate of 0.6%. Yearly basis, the economy also expanded less than expected, up by 2.3% against the 2.4% forecast, given a strong fall in the UK construction sector. The pair managed to bounce quickly from the low, but the recovery was quite shallow and the bearish pressure keeps mounting ahead of the release of

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