XE Market Analysis: UK Post Brexit Economy Resilient in Q3

OVERVIEW Sterling jumps from below 1.21 on Tuesday to testing towards 1.23 helped by the strong Q3 GDP reading. The Mexican Peso weakens as Trump starts to edge ahead in the polls, especially in Florida. The trade deficit in the US grows as the US Dollar’s strength bites into its competitiveness. HIGHLIGHT Q3 GDP data demonstrated the resilience of the UK economy post Brexit by growing by 0.5%. This was slower than Q2 growth of 0.7% but comfortably ahead of expectations of 0.3%  US DOLLAR The strong US Dollar is having an impact on trade in the US as the…

Source: XE news feed
XE Market Analysis: UK Post Brexit Economy Resilient in Q3