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dailymarkets.com - 10/23/2009
Friday’s Futures Outlook: British Pound Hammered By GDP Drop
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The December British Pound is getting hammered this morning, following an unexpected drop in U.K. 3rd Quarter Gross Domestic Product. Today’s news indicated the U.K. recession worsened as it extended into its 6th straight quarter. Traders had estimated a rise in GCP by 0.1% while actual ...

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ETF Database:  UK ETFs Slide On GDP Disappointment

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UK ETFs Slide On GDP Disappointment
ETF Database — ... ): The British currency was pounded in trading Friday, as the likelihood of rate increases in the foreseeable future decreased dramatically. The GDP shock sent investors flocking to UK government bonds, and gave many foreign investors jitters about the stability of the economy. FXB, which invests in the British pound, was down about 1.7% in early trading Friday, but still remains up more than 10% on the year. ...

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