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  Good news for the British pound
Since the beginning of the week pouring good news that reinforces the UK pound, and this is good news for the Poles working in Britain.

First of all - the British economy out of the recession. As the British announced the National Statistics Office (ONS) - the gross domestic product of Great Britain in the first quarter of this year. was 0.3 percent. larger than the quarter before, so we slow but clear increase. These data confirm the widespread assessment that the British economy out of the deepest postwar downturn. The pace coming out of recession is free and this year promises to be a difficult, but there is a clear growth trend. Industrial production increased in the first quarter of this year. 1.2 percent. what is the best indicator since the first quarter of 2006. In the financial services sector grew 0.7 percent. - That is, the most since the first quarter of 2008. Household spending and public investment were higher by 0.5 percent By the end of March announced the Ministry of Finance estimates, in 2010 the British GDP to grow by 1.0-1.5 percent. And the next year to 3,0-3,5 percent.

Secondly - public debt reduction. Good investors have been adopted by the announcement of the new British Minister of the Treasury, George Osborne. He presented the plan for budget cuts for the current fiscal year, assuming savings of 6.2 billion pounds. The government has cut spending and government offices are no longer recruit new employees. The government will also save on business trips, officials, funding agencies and government authorities that support call-center points. London's budget deficit last fiscal year exceeded 156 billion pounds, or 12 percent of GDP and was the highest since World War II. Total UK public debt has exceeded 71 percent of GDP, which is why the announcement of any increase in value of the debt favor a pound.
Thirdly - capital flight from risk. Last Tuesday brings a sharp depreciation of the zloty and other currencies of the region, caused investors to flee risk. Investors rid of the currencies of countries classified as emerging markets, buying both the dollar and Japanese yen. This is again an increase in response to fears of risk. Currently, the market fears raise doubts about the stability of the euro zone such as on Monday to take over management of information by the Spanish central bank over the local savings bank CajaSur. The global situation of escape from risk, plan to descend on the second, other factors such as the decision of the Monetary Policy Council, which as expected has not changed interest rates

Fourthly - flood in Poland. At the exchange rate will undoubtedly negatively affect the news of the loss they incurred in connection with the floods. It is estimated that the losses amount to over 10 billion. gold. Some investors have adopted the word in disbelief Prime Minister Donald Tusk that the reconstruction of the damage will not increase the budget deficit. More and more experts have also advised that rainy May can cause higher prices for agricultural products. The reason is the frequent and heavy rain and flood, which flooded part of the area. According to John Winiecki of the Monetary Policy Council during the summer you can expect higher prices for fruit, but this will link with the weather in May, not the flooding. This may affect the amount of inflation.

In conclusion we must say that we have at the moment are two trends. First, they are more conducive to good pound, on the other more debilitating penny, and so this week we have the pound rose against the buck. It seems that this trend will continue until the end of the week.


Latest news
Stabbed social worker had no warning of death threat (10-12-2010)
Great Britain. Family is shrinking and is expected later. (05-12-2010)
Working as carer in the UK and other European countries (31-05-2010)
Less immigrants coming to Ireland (29-05-2010)
It is no longer an immigrant, yet British (29-05-2010)
Good news for the British pound (29-05-2010)
Polish doctors in the UK (28-05-2010)
British pensions for immigrants (28-05-2010)
Great Britain is no longer so attractive to the Poles (27-05-2010)
British Airways Strike (25-05-2010)
Elections help British pound (20-04-2010)
England will play Poland? (23-03-2010)


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