However, it is probably good news that the pound fell on the GDP news. The recent rise in sterling, on the expectation of rate rises, has made life harder for exporters. And they are the only firms growing at the moment.
Amusing that it’s Larry Elliott who spots it…….
1 response so far ↓
1 Matthew // Jan 26, 2011 at 10:53 am
Why is it amusing that is was Larry Elliot?
It’s of course a reflection of the bad news, not good news. We’re all poorer because of it.
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