Double Dip Recession for U.K.

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.

» «

Comments are closed.

Company Details

Currency Solutions

Get a quick quote
Open Account with Currency Solutions
Read Reviews of Currency Solutions

Double Dip Recession for U.K. are located at:
Hobbs Court, 2 Jacob Street, SE1 2BG

Company Location

Newsletter Signup to CMT

Sign up to our foreign exchange newsletter to receive news updates directly by email

Compare Money Transfer will not spam you!

Latest Videos on CMT

Compare Money Transfer Testimonial

Compare Money Transfer News

All Rights Reserved: Copyright 2006 - 2016 Compare Money Transfer Limited

Exchange Currency Today...