Osborne’s announcement

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Chancellor George Osborne faces a daunting task today as he announces measures to instill growth into the weak UK economy. The Organization for Economic Co-operation and Development (OECD)’s latest forecast of anemic economic growth for the UK and rising domestic unemployment levels, have sparked fears that the UK is plunging back into recession. Yesterday, UK retail sales unexpectedly fell in November at the fastest pace in almost three years. Contact your dealer if you have any questions about potential currency fluctuations following today’s financial releases.

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Volatility ahead of Osborne’s announcement

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