http://forex.fxdd.com/taxonomy/term/1440/%252F%2A The taxonomy view with a depth of 0. en http://forex.fxdd.com/trading-news/5386/forex-news%3A-uk-boe-blanchflower-speaks-says-uk-going-recession. <p>BoE Governor Blanchflower just spoke and said: &quot;UK is going into recession and we are probably in one now.  Would like to see rates &quot;well below their current level&quot;  Also said UK will have 3 or 4 quarters of contraction and risks are to the downside.  Monetary Policy has been far too tight for far too long.  Recent Job losses are &quot;tip of the iceberg&quot;  <br />This news has caused gbp/usd to drop almost 50 pips immediately.  Stay tuned for the gbp/usd technicals later this session.</p> http://forex.fxdd.com/trading-news/5386/forex-news%3A-uk-boe-blanchflower-speaks-says-uk-going-recession.#comments UK Recession Sun, 20 Jul 2008 17:20:58 -0400 Basil Fayad 5386 at http://forex.fxdd.com