According to the statement made by Daniel Alexander, Chief Secretary to the Treasury, Great Britain is ready to expand its contribution to the IMF up to £40B (or $64,4B). The UK's current IMF lending commitments are equal to £29.4billion.
Previously David Cameron told that he had an opportunity to allocate some extra money for the IMF to improve the global economic stability, not to support the eurozone.
FOREX.
According to the Department of Masterforex-V trading System, GBPUSD keeps sticking to the bullish scenario given in on Nov 7th, 2011. At this point we can see the price forming sub-wave C inside A(C )/ C. In order to determine how serious the bulls are, we need to wait until the price breaks the MF pivot 1.6153 and the 1.6165 high. The rally will be over as soon as the price comes out of the MF sloping channel and breaks below the MF pivot 1.5981.
