GBP has had quite a few weeks, wouldn’t you say? British currency went through so much troubles and changes of direction that we can’t even count how many time we were selling it and buying it back, once the recovery came. Last week we were surprised to see GBP grow, even despite Brexit uncertainty growing, but today it seems that there is another reason for pound to grow. And it is yesterday’s report of the country’s GDP.

A lot of traders we surprised to see that even with so many troubles in the room, British economy still managed to show some growth and positive tendencies. Good news allowed traders to pick up the currency from the lowest point this year so far. This in its turn brings hope that we still have time to trade GBP. After all it is likely that we are going to see Brexit postponed Until January 2020. Will that do British economy any good? That is likely, I am not going to lie, but unfortunately even despite good tendencies in the economy, GBP is not completely out of the woods yet.

Right now it is unclear which direction GBP is going to assume today, so take on trading signals and do not worry about it!