Archive for October, 2009
29th
Oct/09
Currency Update
Tags: bank of england, European Central Bank :, GDP, Quantitative Easing, US
Posted in Currency News Currency Updates by mporter
Posted in Currency News Currency Updates by mporter
Risk appetite has returned to the market today as the latest GDP figures from the US suggest that the US is out of recession. The US GDP figures released earlier today beat market expectations with an annualised rate of 3.5% vs 3.2% expected. Whilst these figures are positive it remains to be seen how sustainable these levels of growth are, especially after the massive government stimulus has finished working itself
