Sterling Digest, April 26 2012: double-dip musings

• Posted by faithmight
• on April 26th, 2012

There is so much commentary about the British economy following the release of official data that revealed the UK economy is in a double-dip recession. Traders, however, look ahead to the Bank of Japan rate announcement for whether the $GBPJPY remains supported above its major psychological level at 130.00.

• GBPUSD Update (50′s Blog)
• The MPC shouldn’t rely on the new GDP figures – and nor should you (City AM) [coming from BoE member Andrew Sentance]
• Signs of manufacturing activity picking up and firms more optimistic (CBI)
• UK economy back into recession (Al Jazeera) [video]
• Why Is the UK Double-Dipping? (The Atlantic)
• UK Back in Recession, Did it Really Ever Leave? Disappointing Details; Five Reasons the UK Recession Will Get Much Worse (MISH’S Global Economic Trend Analysis)
• Dollar hits 3-wk lows after Fed says ready to act if needed (Reuters)
• BOJ Failure to Ease Tomorrow Would Be Disaster, Mizuno Says
  (Bloomberg)

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