British businesses believe the country could be headed for double dip recession, according to a survey from accountants and business advsors BDO LLP published Monday.
Not that the possiblity of a UK recession is on forex traders’ minds this morning. Sterling off to a good start, cable up at 1.5485 from early 1.5420, while EUR/GBP down at .8283 from early .8302.
Next hurdle for cable obviously the psychological 1.5500 line.
