BCC Cuts U.K. 2012 Growth Forecasts 

By @ibtimes on

British Chamber of Commerce (BCC) lowered its growth forecasts for the United Kingdom to 0.6% this year from its previous forecasts of 0.8%.

The BCC also pushed back its interest rate estimates to the end of 2013 from prior predictions of the first quarter of next year, while expected the BoE to halt its asset purchase facility at the current 325 billion pounds.

The British pound, accordingly, fell against the greenback after the announcement.

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