UK Treasury Minister Byrne says he’s confident that UK growth will return towards the end of 2009. The offical feels Q-2 GDP data shows the scale of the global downturn, but also that the pace of decine is easing compared to the winter.
That’s a little more like it, pace of cable sell-off gathering speed, presently at 1.6440. Technical support now at 1.6430/35 and then nothing really until 1.6400/05.
