UK Inflation Report

Wednesday, 16 November 2011 05:05

Today The Bank of England released its quarterly report, which includes the BOE's projections for inflation and economy growth over the next 2 years.

The prospects for the UK economy hace worsened. The Bank has beed forced to reduce its projections for GDP growth.

As for Forex, Sterling fell to a session low aginst the dollar.

GBPUSD fell some 30 pips to 1.5743 from 1.5772 immediately after the news.