November 11, 2009
GBP USD Falls after Bank of England Releases U.K. Economic Forecast
Excessive volatility hit the GBP USD early this morning following the release of the Bank of England’s forecast for economic growth and inflation. In the report, the BoE warned that the U.K.’s economic recovery was just beginning and continuing strength during the recovery period remains “highly uncertain.”
Since the global financial crisis began, the BoE has at times been aggressive in fighting the recession while at other time drawing …
