| 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 1.6150, and eventually touching 1.6094 lows by mid-afternoon. UK Chancellor Alistair… | ||||||||||||||||||||
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Why the Swiss Franc is my Favorite US Dollar Barometer (Asset Prime, 1/24/10)
Down with the Pound (The Wikinvest Daily Angle, 2/1/10)
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