Prior to the disappointing data released last week, the British Pound suffered when Britain’s credit rating was downgraded by Moody’s last February. Another main concern is the expected quantitative easing from the Bank of England in response to their .3% drop in GDP in the final quarter of 2012. It is no longer a question of whether the Bank of England will ease its monetary policies, but how much. Unfortunately, Britain’s economic forecast is looking nearly as bad as the euro-zone.
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Edmund Gray
KOTM Contributor
edmund.gray@gmail.com