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)
- 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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