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UK Economy Shrinks less than previously estimated

Posted by Dean Popplewell at 7:04 am EST, 12/22/2009

The Confederation of British Industry yesterday raised its 2010 economic growth forecast and said the Bank of England may pause its bond-purchase plan in February. Policy makers have pledged to print 200 billion pounds of new money to stoke spending and shake off Britain’s longest recession on record.

Bloomberg

Filed under: Forex Round Up

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March
15
Today’s Global
Market Events
7:30am
CAD
New Motor Vehicle Sales m/m
0.0% vs. 2.6%
USD
Empire State Manufacturing Index
20.3 vs. 24.9
8:00 am
USD
TIC Long-Term Purchases
37.9b vs. 63.3b
8:15 am
USD
Capacity Utilization Rate
72.7% vs. 72.6%
USD
Industrial Production m/m
0.1% vs. 0.9%
12:00 pm
USD
NAHB Housing Market Index
17 vs. 17
7:30 pm
AUD
Monetary Policy Meeting Minutes