Tag Archives: UK GDP

UK economy contracts more than expected

The British pound tumbled against the euro and the dollar in early London session trading on Friday in reaction to disappointing UK GDP numbers which highlight the weakness in the UK economy. Preliminary GDP data  showed the economy contracted more than forecast in the fourth quarter of 2012r. The pound weakened to its lowest level in 13-1/2 months versus the euro and hit a five-month low...

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January 25, 2013 @ 1:21 pm

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UK economy expands 1 percent in third quarter

The UK economy rebounded from a recession and expanded by 1 percent from the second to the third quarter. According to the Office for National Statistics, the second estimate on GDP for the third quarter was the same as the original estimate. Sterling briefly reacted positively to the news and jumped against the dollar to $1.6025 before easing back down again. This spurt of growth follows...

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November 27, 2012 @ 11:33 am

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UK economy expands 1 percent in third quarter

The UK economy rebounded from a recession and expanded by 1 percent from the second to the third quarter. According to the Office for National Statistics, the second estimate on GDP for the third quarter was the same as the original estimate. Sterling briefly reacted positively to the news and jumped against the dollar to $1.6025 before easing back down again. This spurt of growth follows from...

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November 27, 2012 @ 11:33 am

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Market Review – Yen falls to four-month low versus dollar

Sterling was the best performer amongst the majors today after the release of strong UK GDP data. Growth in the British economy rose 1 percent in the third quarter which was better-than-expected. The improved growth data indicates that the UK economy has left the recession and because of this the Bank of England will be less likely to introduce more monetary easing at its meeting next...

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October 25, 2012 @ 12:37 pm

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