EUR/GBP: Pound to Weaken on Expectations Manufacturing Activity Slowed

The British pound is deemed to maintain its weakness opposite the Euro as fears of a triple-dip recession are likely to intensify amid estimates that the UK manufacturing sector started the year on a somber note. In contrast, economic data from the Euro Zone are likely to suggest that the worst of the economic crisis has passed, providing a lift to the single currency in turn.

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EUR/GBP: Pound to Dip as British Economy Seen to Have Contracted in Q4

Estimates that the British economy shrank in the fourth quarter of 2012 are seen to weigh considerably on the British pound today on views that the country could