Financial Markets Review by Lloyds TSB

GBP/USD trades above $1.70 as UK economic data provide a series of upward surprises. Purchasing managers’ index (PMI) data suggested that both the manufacturing and service sectors had moved into expansion in July. BoE expands quantitative easing, but yields surge […]

Continue Reading...

Weekly Economic Analysis by Lloyds TSB

There appears to be a growing view, most evident in equity markets, that the worst of the recession may be behind us. Behind this perception has been a