The Great Britain pound fell against the US dollar and the Swiss franc during the current trading session even though Britain’s economic growth was better than it had been anticipated by analysts.
The preliminary report from the Office for National Statistics showed 0.6% growth for the last quarter of 2016, the same rate of growth as in the two previous quarters. The median forecast had promised a smaller increase by 0.5%. While the actual value was not stunning, it suggested that Britain’s economy remains in good health, though it is expected that the growth will slow down in 2017.
GBP/USD fell from 1.2632 to 1.2596 as of 12:11 GMT today while its daily high of 1.2673 was the highest since December 14. GBP/CHF dropped from 1.2622 to 1.2561.
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