Sterling Continues Climb as PM Johnson Moves out of ICU – FOREX SIGNALS on The pound continued its climb against the dollar on Thursday amid a report that U.K. Prime Minister Boris Johnson had moved out of intensitive care.GBP/USD rose 0.72% to 1.24754.
Breaking: U.K. Economy Could Contract by 25% in Q2
The U.K. economy could contract by as much as 25% in the second quarter.
Growth decline by 5% in the first quarter of 2020 and, if a lockdown continues, by around 15% to 25% in the second quarter – Sterling Continues Climb as PM Johnson Moves out of ICU.
Red and green traffic lights direct traffic in front of the Big Ben bell tower at the Houses of Parliament in London, Britain February 22, 2016. REUTERS/Luke Macgregor
The forceful impact of COVID-19 and the global lockdown has thrust the economy into unknown territory where we could see GDP declining at a record quarterly rate.
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