FOREX
The pound is trading flat against the euro and the dollar as the last session of the week gets underway. The UK managed to sidestep a technical recession, growing 0% during the final quarter of 2022, meaning that the criteria of two negative quarters was missed by the narrowest of margins. However, technicalities aside, the outlook for the British economy remains challenging, creating strong headwinds for sterling. The currency has benefited from a recent increase in global risk appetite, however, with the country’s economy expected to contract in 2023, the recent pound rally may soon run out of steam.
Ricardo Evangelista – Senior Analyst, ActivTrades
Source: Activtrader
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and as such is to be considered to be a marketing communication.
All information has been prepared by ActivTrades (“AT”). The information does not contain a record of AT’s prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not a reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk.