Forex and other markets news
13.01.2023, 11:10
UK GDP grows 0.1% more than expected in November
UK GDP grows 0.1% more than expected in November
The information states that in the three months until the end of November Britain's economy shrank 0.3%, as did the Reuters poll, which also had expectations. The economy may contract by 0.3%.
The British economy shrank in the three months to the end of September. And output declines in the three months to Dec. 31 will be considered a recession. It meets the European definition of a recession. Because the economy contracted for two consecutive quarters.
This factor caused only short-term volatility in the pound. The currency pair against the pound, the pound against the dollar, continues to move higher.
In which the pound against the dollar, known as GBPUSD, has increased from the dollar, has decreased in the day, has moved up +0.19% and may There will be a steady recovery against the dollar.
If there is a move higher, the first key resistance is 1.22575, the second resistance is 1.23185, and the last resistance is 1.23445.
But if there is a fall, the first support is 1.21814 and the second support is 1.21059 in the last place.
'wt:advertising.banner' is not a component