Tag: worse
U.K GDP Data actually worse than expected – U.K Halfway to recession yet the Pound gains…
by Daniel Wright on Jan.25, 2012, under Predictions, Sterling strength, Sterling weakness
Ok, I called that data may be negative yet once again the markets have surprised us and the Pound has gained this morning!
I know, it is kind of crazy but it is mainly down to the fact that further QE doesn’t look as close as had been expected – This has been an extremely negative subject for the Pound over the past few years and the fact it is a little further away again has been seen as a positive for the Pound, eroding the poor growth worries (for the time being).
That’s my take on it so far…
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