As the U.K. posted its worst deficit figures since the measurement start, the pound had a negative week against the U.S. dollar.

This has decreased the attractiveness for the British currency which has performed positively in the week before.

U.K. deficit report and downtrends in European stocks

A combination of downtrends in European stocks towards the end of this week and a U.K. deficit report by which the worst figures since 1993 has been showed, when they were officially initiated, forced the pound down against the U.S. dollar, the Japanese yen and the European common currency.

GBP/USD

This Friday GBP/USD has been closed at 1.6495 from levels as high as 1.6872 during the week.

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