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Daily Market Analysis By FXOpen
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[QUOTE="FXOpen Trader, post: 336821, member: 104606"] [B][SIZE=5]Is the UK really in a recession? Perhaps 2024 data will be different[/SIZE][/B] [img]https://i.imgur.com/7ej5CoO.jpeg[/img] It's Monday morning, and a deluge of doom and gloom relating to a recession having begun in the United Kingdom is abound. Many mainstream news channels, along with analyses coming from a number of financial markets commentators, are outlining the potential contraction of the British economy should the central bank monetary policy remain hardline regarding interest rates. There is a school of thought which warns investors that if the Bank of England does not decide to reduce interest rates, the British economy would perhaps become less competitive, and language such as causing a worsening of an existing recession could take place. This is a very intriguing view, however, because the British Pound has been performing against other major currencies in a pattern that would suggest anything but a recession is even existent, let alone in full swing as is being touted by many reports. During the course of this year so far, the British Pound has been gaining value significantly against the Euro, with the EURGBP pair having hit 0.850 at the bottom of the market on February 14, according to FXOpen charts, a far cry from its 0.869 value on January 1. [B][URL="https://fxopen.com/blog/en/gt-is-the-uk-really-in-a-recession-perhaps-2024-data-will-be-different/?utm_source=tptforum&utm_medium=analysis&utm_campaign=resolve"]VIEW FULL ANALYSIS VISIT - FXOpen Blog...[/URL][/B] [I][B]Disclaimer:[/B] This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. [/I] [/QUOTE]
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