GBP/USD Fundamental Analysis – October 28, 2015 - Forecast

The GBP/USD dipped after GDP missed expectations, which surprised the markets as many analysts were expecting a better than forecast report. The pound is down 19 points at 1.5335. The British economy grew by 0.5% compared with the previous three months.
In the context of a global economic outlook that has darkened a little in recent months, it's a steady kind of a figure. Slower than the 0.7% growth rate in the previous period, but not by all that much.
There were some marked differences between sectors. Service industries grew quite strongly, while manufacturing and construction slipped back. For manufacturing it was the third consecutive decline.

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