British GDP data sent GBP spiralling down
- 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 published its GDP numbers yesterday.
The current report showed the GDP of Britain slowing down, which means that pound is going to face the fall – and that is exactly what we see in today’s charts.
Concerns for the British currency go on rising with Brexit making an impact on the economy of the country.