The Sterling could remain strong in the short term, after a growth rate rose sharply in the third quarter while the U.S. economy is also accelerating.

After three consecutive quarters of decline, the UK GDP grew by 1% in Q3, against 0.6% expected, stopping the recession. Britain economy records the largest increase in five years, although this is only a first estimate of the government, to be confirmed upon review scheduled for 26 November. If the recovery of the country's situation should support the pound in the short term by providing the central bank to make further asset purchases, it should however be cautious in the medium term. The excellent growth for the third quarter benefited from exceptional events with the Olympics and Queen's Jubilee.

Confirmation of a strong U.S. GDP growth (+2% in the last quarter) tends to favour risk appetite at the expense of the U.S. dollar.

Only drawback in the short term, the situation in Europe continues to worry investors after the publication of an unemployment rate that reached 25% in Spain, a new record whereas the country still refuses to ask for help the European Union. In return, the Euro declined on attractive technical thresholds which, as an indirect result, should provide further impetus to Sterling.

Graphically, the Sterling has benefited from the announcement of GDP rising to cross the area of 1.6065/1.6115. The upper bound becomes a solid support and could serve as a “springboard” for a return to 1.6248 near the annual double top at 1.63, where wisdom would push us to collect our winnings.