Corporate foreign exchange news

'Lack of quick fix' for economy may impact forex dealers

Wednesday, 23 November 2011 09:01:45 GMT

Published by Mark Ackroyd
Forex dealers could be impacted by suggestions the UK government will not be able to find a "quick fix" to the ongoing economic turbulence.
According to the Daily Telegraph, citing the think-tank Reform, the next ten years should attempts made to lower the deficit and then "consolidate the gains".
In its report - entitled The Long Game - the body's chief economist Patrick Nolan said: "Mistakes made over the last decade mean that the UK now needs to go through a period of low growth."
Reform noted that consistency could be the key to recovery, as anything else is likely to be to the detriment of organisations within the UK.
Further clues about the likelihood of the nation recovering from its current issues may be provided at 09:30 GMT today (November 23rd) as the Bank of England is set to release the minutes from the most recent meeting of its Monetary Policy Committee meeting.
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