Forex News – Pound rises after Bank of England minutes
Posted on December 19, 2012 at 11:14 am GMTThe Bank of England policy meeting minutes of the December 5 meeting were released on Wednesday offering a gloomy outlook for the UK economy in 2012. The central bank forecasts that growth will remain stagnant. The minutes said there would probably be a contraction in the fourth quarter as economic output is slow. “The deterioration in UK competitiveness over the past couple of years represented a potential headwind to the ability of UK exporters to benefit from a pick-up in [..]