In August 2022, the British economy shrank by 0.3% month-over-month, following a 0.1% increase in July that was downwardly corrected, and falling short of market expectations for a flat reading. The upkeep of oil and gas infrastructure in the North Sea caused a 1.8% decline in production and a 1.6% decline in manufacturing. Arts, entertainment, and recreational activities decreased 1.3% and 5.0%, respectively, offsetting growth of 1.2% in professional, scientific, and technical activities. Services decreased by 0.1%, with human health and social work activities leading the way. As repair and maintenance fell 2%, construction increased by 0.4%, driven by a 1.9% increase in new projects. Taking the three months up to August into account, the British economy also shrank by 0.3%.
Are you worried about loosing your savings, pension or your portfolio is underperforming due to the British Economy and the global slowdown?
- Stop loosing money on forex trading, but benefit daily from swaps.
- Use our powerful MT4 ‘Carry Trading’ indicators.
- Find correlated Asset pairs.
- Earn Interest on the daily rollover.
- Protect capital through hedging.
Register your account today with MEX Atlantic and receive the Annual Swap Hunter Licence for free!
That’s right the Professional package or annual Licence is worth $699 but sign up before the end of October and you get it for free!
Visit our website to find out more about how our software works. Swaps are now the hottest asset on Wall Street.
You need a hedging strategy to protect your future.