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Encouraging signs for UK economy

Wednesday, 15 July 2009 22:39

There are suggestions the United Kingdom could emerge from recession as early as the current quarter.

That's according to Lloyds TSB, which has just published its market review for the month of June.

During the second week of June the pound rallied on the signs of UK recovery, standing at 1.66 against the US Dollar and 1.17 against the Euro.

The Australian Dollar was lifted by news that the Australian economy had managed to avoid falling into technical recession after growing by 0.4 per cent in the first quarter of this year.

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