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UK Economy Shrinks less than previously estimated

Posted by Dean Popplewell at 7:04 am UTC, 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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February
8
Today’s Global
Market Events
8:15 am
CAD
Housing Starts
Actual +198k
10:30 am
USD
Crude Oil Inventories
2.9M vs. 4.2M
10:40 am
USD
FOMC Member Williams Speaks
4:45 pm
NZD
Employment Change q/q
0.4% vs. 0.2%
NZD
Unemployment Rate
6.5% vs. 6.6%
6:50 pm
JPY
Core Machinery Orders m/m
-4.6% vs. 14.8%
JPY
M2 Money Stock y/y
3.1% vs. 3.1%
8:30 pm
CNY
CPI y/y
4.0% vs. 4.1%
CNY
PPI y/y
0.8% vs. 1.7%