Today’s awful Q2 UK Business Investment data, down 10.4% q/q and 18% y/y, make it very likely that tomorrow’s Q2 GDP data will be revised downwards, according to this.
8 Responses to “UK Q2 GDP likely to be revised down”
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AUTOREFRESH 
And if I remember correctly, the Treasury has regularly maintained that the VAT cut would boost the economy by the equivalent 1% of the whole hideous thing.
Nice one, sweetie darling.
Hi lilac did you see the report yesterday saying that the VAT cut had had no impact on consumer spending ??? http://www.forexlive.com/46557/all/uk-vat-cut-didnt-work-and-more-banking-profiteering
Hi everbody there, it seems EUR/USD stucked between the lines…Do you think Chinese will let Euro go up ? Trying to figure out the corelation..
Link: http://www.feer.com/economics/2009/july54/Chinas-Push-for-a-New-Global-Monetary-Order
TVM Mark.
As I said the other week, Merve just handed it to the banks during his post BoE outlook press conference thingie on the glorious twelfth, I think it was.
Hi Ali,
The article you reference is from early July. It sounds, judging by the pre G7 comments that the Russians and Chinese have deemed it to be a good idea to tone down their comments for a while. It’s not really in Chinese best interest for a significantly weaker dollar, not while they own so many US treasuries.
Hi Ali, From what we’ve heard China bought two lots of 1 month 1.3950/1.4450 dnt’s on August 19th and 20th. that means it’s in their interest to keep price action within those parameters over that period. One should bear in mind, it doesn’t mean they’ll necessarily succeed.
I don’t think there’s any correlation between the above and the content of the article, but if anyone wants to correct me I’m open to persuading.
Hi…I know the article was old; but, Gerry’s comment was corrective…And, with the last moves we saw there is nobody around 1,4300 for now
Thanks for the info..
Also, the above subject is unrelated to my comment but mistakenly positioned here …Have a nice trading day or maybe night…