UK’s GDP contracted in the last quarter of 2011, below the forecasts. Instant impact in the Forex market with low levels of the British Pound

UK’s economy still needs to do and hold onto the austerity plans, now that the Office for National Statistics mentioned today that in the last quarter of 2011, the economy dropped in 0.3 percentage points, meaning in the final 3 months of last year, the economy contracted more than expected by analysts. This growth categorized in the period October-December made the annual growth rate stay in a growth of around 0.5 percent, 0.2 percent ....Read More