Data on the GDP of Great Britain proved negative for the pound

A report on retail sales in Britain in March was significantly better than expectations of economists, but these data were for market participants unnoticed, given the unexpectedly strong decline in GDP Misty Albion, who in quarterly terms, fell by 1.9% against the expected -1.5%, which was the maximum reduction in third quarter of 1979, while the annual rate of incidence reached 4.1% after -2.0% in the last quarter, which was significantly worse prognosis in -3.8% and was the most significant decline in the fourth quarter of 1980. Pound / dollar reacted to the data re-testing demand in the region of $ 1.4600, but the latter is still strong enough to hold a couple of further decline, and now the British currency remains near $ 1.4628. Still, the mood remained negative, and the loss of support for this motion will open the way to $ 1.4580/70 and $ 1.4540.