Greetings to everyone
FUTURE OF GBPUSD PAIR:
Economically, the time was not going well for the United Kingdom. On the one hand there was a re-imposed lockdown due to the second storm of the epidemic and on the other there was uncertainty about the Brexit agreement. All in all, the country has been facing a difficult reality for months. But before those problems can be solved, a new danger has come down for the country. Recently, a new form of the novel coronavirus has appeared in the country/ Which is 80 percent more contagious than the previous strain. Prime Minister Boris Johnson announced a four-tier lockdown following reports of a new outbreak of the virus. At the same time, they have become virtually isolated globally, where almost all countries have suspended air and rail links with Britain. Which has pushed the country's declining economic situation further into darkness.
Official figures say Britain's economic recovery has stalled since the first lockdown. ONS says domestic production rose 0.4 percent in October. That was the sixth consecutive monthly increase since May, but it was still 6 percent lower than in pre-crisis times. Meanwhile, the Bank of England estimates that the end of 2020 will see a decline in GDP. Besides, it will remain weak in the first three months of 2021.