10.04 - GBP/USD is going to cause a lot of troubles today
- by Anna K.
What is GDP? Essentially it is an indicator that explains us how strong the economy of the country is. The higher it is, the better the condition of economy is, the stronger the national currency is. And right now we are turning our attention towards Great Britain – a country that is going to publish its GDP numbers today but once again. And it seems that GDP of Great Britain is not going to be nearly as good as we would hope for it to be. Brexit and the situation around it are taking a serious toll on pound.
With no anticipation and fears pound is struggling to keep its price against the dollar. Buyers are cautious before the key events like GDP report and EU summit. And they are cautious with good reason – the currency already let us down before.