The fundamental analysis of the GBP/USD currency pair

The British pound was trading with slight lowering prior to Great Britain GDP data release for Q2. The market was looking for the GDP drop by 0,3%. The index fell by 2,4% in Q1. The GBP/USD pair was quoting at 1,6505 versus the intraday high of 1,6543.
But the GBP/USD pair declined by 50 points to 1,6460 after disappointing findings publication of Q2 British GDP, according to which the economic activity eased by 0,8%, compared to the previous quater.

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Analyst: Vladimir Donin