Stronger Cable not an issue

Note: This section contains information in English only.
Source: WBP Online
The British Pound has been climbing high since last year, gaining overall 13.64% against the Greenback. The significant increase was stimulated by economic growth well ahead of the expectations, poor macroeconomic data from the U.S side and a hawkish tone of the Bank of England. Although few U.K manufacturers report decline in export numbers, experts explain the phenomenon by sluggish global economic growth. Weak trade data resulted in a large trade account deficit amounting to 5.4% of GDP.
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