OECD expects acceleration of the British GDP growth

10.03.2021

Vaccination of the population in the United Kingdom is gaining momentum, forcing investment banks and economic organizations to review their forecasts for GDP growth for this year. On the eve of the OECD, it raised its evaluation of British GDP growth by 0.9 percentage points up to 5.1%. This is higher than for the eurozone, for which the forecast is 3.9%.

The 2022 outlook for Britain is also better than for the eurozone. Investors are always seeking to buy those assets of those economies where higher growth is expected. Taking into account the fact that the US Fed continues to “pump” the banking system with dollar liquidity this year, investors will use technical corrections on the pound to open “longs”.

Investment idea: Buy 1.3840/1.3815 and take profit 1.3910.