UK GDP Preview: Three reasons why 20% contraction estimates are too low, GBP/USD may rise

Economists expect a contraction of over 20% in the UK’s economic output in Q2, worse than other developed economies. Figures for April and May suggest a more moderate decline. Recent UK labor statistics point to the role of the government in propping up the economy.  One fifth lower – that is what the economic calendar […]

The post UK GDP Preview: Three reasons why 20% contraction estimates are too low, GBP/USD may rise appeared first on Forex Crunch.

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