Comments on: Why did the lower UK GDP figures cause the sterling to depreciate? http://ukcreditcards.info/uncategorized/why-did-the-lower-uk-gdp-figures-cause-the-sterling-to-depreciate-1169?utm_source=rss&utm_medium=rss&utm_campaign=why-did-the-lower-uk-gdp-figures-cause-the-sterling-to-depreciate Informations regarding credit cards and bank accounts in UK Mon, 14 May 2012 16:11:38 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: b2fnow http://ukcreditcards.info/uncategorized/why-did-the-lower-uk-gdp-figures-cause-the-sterling-to-depreciate-1169#comment-1196 b2fnow Tue, 16 Mar 2010 19:33:38 +0000 http://ukcreditcards.info/ukeconomy/why-did-the-lower-uk-gdp-figures-cause-the-sterling-to-depreciate-1169#comment-1196 They were expecting a positive number, showing the economy to be out of recession. Things are worse than expected, worse than other currencies/countries, and will take longer to improve. They will also probably have to increase the stimulus money. Thus the depreciation in the GBP. Interest rates will not be raised as soon as thought, so the FTSE rallied on that news. They were expecting a positive number, showing the economy to be out of recession. Things are worse than expected, worse than other currencies/countries, and will take longer to improve. They will also probably have to increase the stimulus money. Thus the depreciation in the GBP.

Interest rates will not be raised as soon as thought, so the FTSE rallied on that news.

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