26 January 2010

Sterling Boosted by Fourth Quarter Hopes

Markets are waiting eagerly for an announcement due later today, in which they hope to hear that the United Kingdom exited the recession in the fourth quarter.

The forecast has alredy caused the pound to gain some ground against the euro in this morning's early trading - it gained 0.3 per cent.

Most experts are expecting that growth was somewhere between 0.2 and 0.4 per cent - let's hope that they are right...

If growth is worse than expected then the pound might be first in line to take a beating!

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