Spreadex Market Update
US Fed continues monetary policy
However, an air of apprehension seems to be tormenting the markets this morning as investor’s attention will shifts towards the UK where preliminary GDP figures are due for release.
The markets could finally be gifted with news that the UK has returned to growth as economists are expecting a 0.7% expansion in the three months to September.
Thus, the cautiousness plaguing the markets today could be attributed to investor’s concerns that the impact of the Eurozone debt crisis as well as strict UK austerity measures may result in the UK remaining in a recession for another quarter, or even longer.
Nevertheless, economists are still expecting the UK’s longest double dip recession since World War Two to finally be over today.
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