Currency Market Update from Currencies Direct

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  • UK still in recession
    It was the big one that the market had been waiting for- UK GDP. This was touted to show that the UK economy had exited the recession but it was woefully disappointing. UK Q-3 GDP has come in demonstrably weaker than expected, -0.4% quarter on quarter, -5.2% year on year compared to median forecasts of [...]

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