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UK stimulus

UK Pound Sterling Near 24 Year Low Against Canadian Dollar

October 24, 2009 · 2 comments

in Canadian dollar, UK, central banks, currencies, international economy, pound

Just last week, the UK pound sterling (GBP) hit a 24-year low against the Canadian Dollar when it also hit five-year lows in UK inflation.  The pound is currently weakening again as a result of the latest Bank of England reports on lower than expected Q3 GDP growth, which actually contracted 0.4%.
Ashraf Laidi, CMC Markets [...]

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UK Stimulus Fails, Sees Sixth Quarter of Recession

October 24, 2009 · 4 comments

in UK, central banks, foreign investment, international economy, news and updates, recession, stimulus

The Bank of England surprised all economic estimates today when it revealed that the UK GDP continued to contract in the third quarter.  Most analysts were expecting modest growth, and the Bank of England itself had been jawboning the notion that there would be growth.  Instead, GDP contracted by 0.4%, which raises questions about other [...]

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