Article Feed
Twitter
UK Emerges From Recession But Growth Fails To Inspire
01/26/10 by Daily Forex Snapshots
Filed under Forex & Futures
|
As expected, the UK economy finally emerged from recession in Q4, growing 0.1% QoQ (-3.2% YoY); the first expansion since Q1 2008. However, the figures were much lower than analyst estimates (consensus 0.4% QoQ, -3.0% YoY), sending GBPUSD tumbling from 1.6268 highs seen just before the release quickly down below 1.6150, and eventually touching 1.6094 lows by mid-afternoon. UK Chancellor Alistair… | ||||||||||||||||||||
Comments
Tell us what you're thinking...