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UK Falls in Recession
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The specified data of GDP increase for Great Britain showed that analysts made a mistake in their calculations. The country has dipped into recession much further than predicted.


Looking at the revised figures for the first quarter, the economy had contracted by 0.3% - not 0.2%, which brought the annual indicator to a negative value of minus 0.1%.


It is the first case when the National Statistics Agency has fixed a recession in UK, which has not recovered from the previous downturn yet.


The main factor of negative tendency was construction. Such low volumes were fixed 11 years ago last time. In addition, the consumer expenditures index is also losing pace.


A disappointing statistics supported a bearish trend of the British pound trades. The quote of pound-dollar pair has cheapened to 1 dollar 56 cents.


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On November 11-12, 2011 InstaForex Company took part in ShowFX World financial exhibition in Moscow presenting its broad range of financial products and services and awarding the finalists of Miss Insta Asia contest. Precious gifts were also raffled off among the visitors. Within the event Pavel Shkapenko, Senior Business Development Manager at InstaForex gave interview for InstaForex TV telling about some success secrets of the company in the Russian brokerage market.
Artur Uryupin, analyst at InstaForex: "A tendency for traders to sit in front of the monitor is disease of all newcomers". (ShowFx World Conference in Yekaterinburg)
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