Slower Growth of British GDP Makes Pound Weaker

The Great Britain pound extended its losses today after the final revision of the GDP report showed that the economic growth was slower that the experts previously estimated.

The growth of the UK gross domestic product has been revised down to 0.7 percent in the third quarter from the previously published estimates of 0.8 percent. The GDP in the third quarter of this year is 2.7 percent higher compared to the third quarter of 2009.

GBP/USD went down from 1.5467 to 1.5454 as of 12:52 GMT today. GBP/JPY dropped from 129.53 to 129.07.

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