FTSE up after 2 month Lows
The FTSE 100 is back up after two-month lows on the back of the Bank of England’s likely announcement later today to increase QE…
In the first quarter, the UK economy had its worst performance since 1958 and traders were ready for a gloomy period – but now things are heading up again.
However, on the currency market there is still an air of trepidation, of risk aversion and doubts as to the “end in sight” feeling over the UK economy’s downturn. Only last week official data was revised to show the economy shrank by 2.4 per cent.
The British pound has been one of the worst-performing but today it has risen by 0.5 per cent against the US dollar.
Tags: Bank of England, compare exchange rates, currency, Economy, Euro, UK, US Dollar
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