The eurozone’s debt crisis threatens the global economy and the UK economy in particular. This is what David Cameron said during his speech at the Conservative party conference 2011 in Manchester.
He also called on the eurozone authorities to do their best to stabilize their banking sector.
The British Prime Minister confirmed his intension to keep pursuing the policy of budget deficit reduction. The labor unions arranged protests in Manchester, opposing the policy. However, George Osborne said no protest would change the decision.
FOREX.
GBPUSD is in a range, forming wave A/B H4. According to the Department of Masterforex-V trading system , a break above the local high (1,5715) will initiate a bullish FZR and will continue the long-term upswing – wave B(C ). In this case the MF pivot (1.5746) and sloping channel will be the closest resistance levels. If the currency pair keeps declining, it will find support around 1,5385. A break below 1,5327 (the local low) will initiate wave C(C ) of the long-term downtrend.
