Boost for UK’s economic growth prospects

Timesonline:

Britain’s economy shrank by 0.7 per cent in the second quarter, a smaller decline than the 0.8 per cent initially estimated, official figures showed this morning.

The annual drop in GDP was also revised up to show a 5.5 per cent fall. The initial estimates had suggested a 5.6 per cent decline.

However, this is still the sharpest annual fall since records began in 1955.

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza