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UK third quarter GDP data released better than expected Trevon Wesco Womens Jersey , the Bank of England reduced the incentives to expand in the near future the possibility of rapid rise in sterling against the dollar to new high days. Currently, investors of the other major central banks are concerned about the policy direction.

British third quarter GDP was better than expected

Data released yesterday afternoon, the British third quarter GDP growth rate of 0.8% in quarter, annual rate of 2.8%, better than the media survey of economists before the expected third quarter GDP quarter rate of 0.4% annual rate of 2.4%. In addition Chuma Edoga Womens Jersey , the UK's second-quarter rate and the annualized quarterly GDP were 1.2% and 1.7%.

After the publication of the data, the pound rose sharply against the dollar to be lifted above the intraday high of 1.58, because the data better than expected Bank of England reduced the market may take further quantitative easing expectations.

Before the release of the data, economists believe that economic performance in the third quarter of the UK may be bad, because industrial and service sectors are losing momentum Jachai Polite Womens Jersey , consumption levels have fallen sharply, while the British economy still faced with the negative impact of fiscal austerity measures.

The weak economic performance of the Bank of England expected to move closer to further increase the likelihood of quantitative easing, but the latest figures show the UK in September consumer price index (CPI) rose 3.1%, higher than the 9 months straight under the Bank of England 2% target by 1 percentage point or more, so the Bank of England may face a complicated situation Quinnen Williams Womens Jersey , high inflation will limit the Bank of England policy space.

Last week the Bank of England monetary policy meeting minutes showed the Bank of England Monetary Policy Committee has been divided into raising interest rates, increased stimulation and to maintain the current position of the same three schools.

Policy uncertainty sterling trend shocks. But the results show that the UK rate of the third quarter quarter GDP performance is expected to double, so that investors feel at ease, worried about the increasing stimulus is reduced, the strong pound rise. Evaluation of the UK Chancellor of the Exchequer Osborne Jamal Adams Womens Jersey , GDP data raised the market's confidence in the UK economy, UK economy is steadily recovering.

Despite the reported better than expected GDP data, but analysts are still risks to remind the British economy, that fiscal austerity program. Britain plans to reduce the deficit to win a positive evaluation of rating agencies, Standard & Poor's announced yesterday confirmed that the British AAA rating Sam Darnold Womens Jersey , and the British sovereign debt rating outlook raised to stable, Standard & Poor's view that the risk reduction plan for fiscal consolidation, the next 5 years the average British economy increase should be 2%. But analysts believe that the fiscal austerity of the British economic recovery should not be underestimated. British government