Comments on: Why did the lower UK GDP figures cause the sterling to depreciate? http://ukcreditcards.info/ukeconomy/why-did-the-lower-uk-gdp-figures-cause-the-sterling-to-depreciate-1169 All the informations and resources about UK Credit Cards Sun, 29 Jan 2012 21:35:47 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: b2fnow http://ukcreditcards.info/ukeconomy/why-did-the-lower-uk-gdp-figures-cause-the-sterling-to-depreciate-1169/comment-page-1#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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