Foreign Exchange Markets Stagnant Before Non-Farms, ECB

All this and more is available on our video blog As we predicted yesterday the GBP rally was over before it really began as GDP figures for the UK were very disappointing. Growth in the UK in the 1st quarter fell by -2.4% against a consensus view of -1.9% as the ONS affirmed the belief that the UK has been in recession for over a year now. The quarterly fall of 2.4% was the largest decline since 1951; a year which saw Elvis Presley drafted into the US army, the first motorway opened outside of