GBP/USD: pound drops against dollar after other currencies

On Wednesday, when a strong report on UK GDP for the third quarter was presented, the pound rose sharply in the foreign exchange market. Preliminary GDP of the UK, according to the data, in the third quarter increased by 0.4% (+ 1.5% in annual terms). The forecast was + 0.3% and + 1.5%, respectively. The data presented strengthened expectations of an increase in interest rates of the Bank of England at a meeting on November 2. The pair GBP/USD rose on Wednesday by 1% or 130 points, rising to 1.3260.

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