Prelim GDP Shock Figures Threaten Pound’s Stability
October 23rd, 2009 Posted in Analyst Picks
The most important issue facing the Pound’s stability is the implications of the recently released shocking figures of the British Prelim GDP publication. The release indicates that the British economy is facing the longest protracted decline in recent history.
The impact that this may have on the Pound in at least the medium term may be very negative indeed. This is contrary to the recent upward trend that the GBP made lately. You forex traders need to take into consideration that the Pound faces the threat of declining several hundred pips against the major currencies. This may include the USD, EUR, JPY, AUD, NZD and CHF.
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Tags: British GDP, currency trading, Forex Forecast, forex update, Pound forecast, Pound prediction, Prelim GDP, Prelim GDP Shock Figures Threaten Pound's Stability
