Can the British Pound Continue Recovering?

There are multiple economic reports to be published by the UK this week, and there is a strong chance it will decide the future trend for the British pound.

The Brexit decision, which has hit the UK economy very hard, since major uncertainty caused investors to steer away from the British Pound.

“The empire on which the sun never sets” has not given up however, as the Brits are working harder than ever to live up to their title.

Although the British economy had a shaky start in 2017, it recovered slightly due to the even larger uncertainties of the US administration.

As a matter of fact, the GBP has gained over 100 pips against most of its major counterparts since the Jackson Hole meeting.

How will the British economy perform?

Here are the upcoming this Week’s Reports.

Trading Tip by AvaTrade

As GBP is bound to be affected deeply, it carries the potential of moving all GBP-related assets including:

• Currency Pairs like GBP/USD, GBP/CHF, GBP/JPY and GBP/CAD.
• CFDs like Gold, Copper, and FTSE100.
• Shares like BP, Barclays, and Vodafone.