{"id":139368,"date":"2018-12-24T10:30:49","date_gmt":"2018-12-24T15:30:49","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=139368"},"modified":"2018-12-24T07:19:53","modified_gmt":"2018-12-24T12:19:53","slug":"gbpusd-analysis-the-british-economy-showed-an-increase","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/12\/gbpusd-analysis-the-british-economy-showed-an-increase\/","title":{"rendered":"GBPUSD Analysis: The British economy showed an increase"},"content":{"rendered":"
December 24, 2018<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/strong><\/p>\n

The British economy showed an increase<\/strong><\/p>\n

Good macroeconomic data were published in the UK. Is there a possibility for the pound<\/a> to rise?<\/p><\/blockquote>\n

The growth of British GDP in the 3rd quarter of 2018 was 0.6% (quarter over quarter) and was the maximum since the 4th quarter of 2016. In annual terms, it increased by 1.5%. Retail sales in November of the current year were better than expected. The Bank of England kept the rate at the level of 0.75% and noted that it expects a further decrease in inflation due to falling oil prices and the cost of fuel. Now inflation in the UK is at a 20-month low and is 2.3%. By the end of this year, no significant macroeconomic statistics is expected to be published. On January 7, 2019, the UK and the European Union can begin a new round of negotiations on Brexit.<\/p>\n

\"GBPUSD\"<\/p>\n

On the daily timeframe, GBPUSD: D1<\/b> has left the downtrend. It has approached the support line of the previous neutral range, which is now the resistance line. The further price increase is possible in case of the publication of positive macroeconomic data and progress in Brexit talks.<\/p>\n