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Question to ponder....

Phil Newton's picture

I was reading yesterday that one of Gordon Browns minions was saying that the UK could be heading into a recession...

What was the reaction to that... a rally in GBPUSD.

Why?

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Market

PaulW's picture

There's so much uncertainty in the markets at the moment, many people are scared of doing anything.

Any comments made, even negative ones, help to give some certainty and people feel more comfortable about making decisions and taking some action which is what we've been lacking

gbp rally

tagostin's picture

Phil could this have has something to do with Iran missile testing, i know this caused some weakness in the dollar along with oil, also ive noticed that even if they mention recession its really when they start to spread rumors about actually cutting or raising rates that prices have started to move in the past.