Get No Deposit Bonus Get No Deposit Bonus

 

 

The Pound stopped growing. Overview for 30.09.2020

30 september 2020 - Fx4News

GBPUSD slowed down its growth; investors are assessing the statistics.

The British Pound stopped rising against the USD on Wednesday and started consolidating. The current quote for the instrument is 1.2836.

The statistics published today showed some local improvements in the British economy but since these numbers are about the second quarter of 2020, market players are in no hurry to consider them as absolutely positive. 

For example, the final report on the country’s GDP showed -19.8% q/q against the previous estimate of -20.4% q/q. It was not expected to be revised, so one may believe that there is a little improvement at least.  

The Revised Business Investment in the United Kingdom showed -26.5% q/q in the second quarter of 2020 after the first estimation of -31.4% q/q. Conceivably, it’s not only the COVID-19’s fault: the United Kingdom has been very stressful recently due to the Brexit procedure and multiple dialogues with the European Union. The parties are constantly finding and facing a lot of different problems while negotiating, although they don’t have much time for theory and discussions. It might be fair to assume that businesses are playing for safety and trying not to invest money in order to avoid risks while Brexit prospects are pretty clouded. 

The Pound has stopped its recovery, which was based not only on the correction in the “greenback” but also on progress in Brexit talks. 

Forex analitiks

<a data-cke-saved-href="https://www.instaforex.org/" href="https://www.instaforex.org/">Forex Portal</a>