The pound lost today against several major currencies as both the national and international markets scenarios were quite pessimistic before the end of the session this week, setting the pound to plunge cut back the progress achieved during the midweek.
The economic situation in England is really struggling to pick up, and today, after Bank of England, responsible for policy Andrew Sentance said today that the UK can meet again in a negative economic growth, which could mean that the rate No interest hikes Aren BOE plans for the coming months, investors fled asset price pounds. Another negative factor that weighs on sterling rates is that a growing budget deficit in the country is likely to lead the Government to strengthen its expenses, which may reflect on the British economic growth conditions.
Not only in the UK, but pessimism was the state this Friday in Europe, no one has a direct answer to the question of the Greek budget deficit, the establishment of new operators in their risky bets. It seems that this year will be a good year for the UK economy, again.
GBP / USD closed the week at 1.5009 from 1.5263 on Thursday.
If you want to comment on the recent action of the pound in Britain or have any questions regarding this coin, please feel free to reply below.
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