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.
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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