GDP numbers just released indicate that the UK economy has entered into a technical recession, contracting 0.2% in the first quarter of 2012. The Pound fell against the majors on the back of this release and market expectation appears to indicate this release will weigh heavily on Sterling throughout today’s trading session. With little solid data released in Europe today the attention is likely to shift to the US as the Federal Reserve (Fed), in its monetary policy decision, is likely to reiterate its intent to keep the benchmark interest rate near zero through 2014. Markets are also keeping an eye on the Fed’s economic assessment and Ben Bernanke’s press conference for hints on future policy including the probability of a QE3.
Compare Money Transfer
Compare rates from personal money transfer providers
Compare rates from business money transfer providers
Compare rates for making regular payments abroad
Find savings by comparing bank exchange rates
Copyright 2006 - 2013 Compare Money Transfer Ltd : All Rights Reserved