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UK Emerges From Recession But Growth Fails To Inspire

Discussion in 'Fundamental Analysis' started by ActionForex.com, Jan 26, 2010.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    As expected, the UK economy finally emerged from recession in Q4, growing 0.1% QoQ (-3.2% YoY); the first expansion since Q1 2008. However, the figures were much lower than analyst estimates (consensus 0.4% QoQ, -3.0% YoY), sending GBPUSD tumbling from 1.6268 highs seen just before the release quickly down below...

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