EUR/GBP: ECB Lowers Euro Zone’s Growth and Inflation Forecasts; UK’s Trade Deficit Widens

Yesterday, the European Central Bank (ECB) left its Minimum Bid Rate unchanged at 0.75 percent, but the Euro dropped in the previous European trades as the central bank lowered its growth and inflation forecasts for the economy, leaving the door open for possible rate cuts in the future. The Great British pound on the other hand gained as the Bank of England (BOE) kept its asset purchase program at 375 Billion Pounds, and its Official Bank Rate at 0.50 percent.

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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

Economic Weekly by Lloyds TSB

Budget 2009 provides the highlight of a busy week in the UK, with the preliminary estimate of Q1 2009 GDP, the latest inflation and unemployment figures and the