Thursday, October 21, 2010

GBP: Second half of day trade for sterling was negative

The second part of the day for sterling after yesterday's Economic Outlook was negativnoy.Uroven fiscal austerity makes the likelihood of further quantitative easing, even if the basic data have not changed from those that are in the budget since June. Yesterday's events confirm that the decline is already happening. There are concerns about the economy. Vchrashnee references associated with the blind hope that the economy does not fall into a new recession as a result of tightening measures. Now the fate of sterling is largely dependent on the data of the real economy next year, when it begins to bite reduction, and data on consumer and business confidence.

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