Daily Report
Daily Report: 15th December 2021
The Pound has continued to build on its positive momentum against both the Euro and Dollar. This morning, UK GDP showed that the economy shrank by 2.6% in November which was caused by increased lockdown restrictions. However, this was better than a 4.6% contraction that was forecast. Both UK industrial and manufacturing production disappointed the market though which limited any further gains. The ECB Monetary Policy Meeting Accounts published yesterday showed that members were concerns about the strength of the Euro as it could have a negative impact on inflation. German economy minister Altmaier believes that economic growth will [...]
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