ooooooo............Economy in Trouble

Gnutrade is all interesting. Its a new Financial Game

When it comes to housing markets or the banking sectors the U.K consumers are not in a stable mood these days. The consumer confidence level has dropped as there is slump in the housing market and the banks have curtailed their lending habits. The currency market in U.K is declining and is 15 percent down against the Euro.

Since last September the U.K’s growth prospects have become dull. The house prices fell the most. The Bank of England might cut the benchmark interest- rate this week. In U.S also, the recession is deepening and the economy is in worse state. I hope the same will not happen with U.K’s economy.