Listen to our Evening DailyFX Forex Radio PodCast:
http://media.dailyfx.com/podcasts/FXRadioPM040208.mp3
Key Points
· Bernanke testimony calls for rising unemployment, deeper housing slump and a recession; are market forecasts of a 25bp cut reasonable?
· UK housing market crumbles as mortage approvals, construction activity and equity withdrawals plunge.
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John Kicklighter