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UK’s Hunt: Economy is likely to get worse before it gets better

 UK Finance Minster Jeremy Hunt said in a BBC News interview on Monday, the economy is “likely to get worse before it gets better.”

 “i don't know whether inflation has peaked or not,” Hunt said.

Senior US officials visit China, hold talks with Vice Foreign Minister

According to a Chinese Foreign Ministry spokesman Wang Wenbin, cited by Reuters, US Assistant Secretary of State for East Asian Affairs Daniel J. Krit
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Accumulation of bad news from the UK justifies a weak Sterling – Commerzbank

GBP/USD has dropped below 1.2250. Economists at Commerzbank note that the dire overall situation the UK is currently in justifies a weak Sterling. Why
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