POUND SLUMP,THE RECESSION SIGNAL.

The ecnomic recession can be felt in the slump in the pound,which is the clearest financial signal that the UK faces a recession . But a weaker currency could also provide some support for exporters as it has done in the US. A recession may still be avoided but clearly the risk of a prolonged economic and credit downturn is yet to be fully discounted in corporate earnings estimates.the slump in the pound is the clearest financial signal that the UK faces a recession but a weaker currency could also provide some support for exporters as it has done in the US. A recession may still be avoided but clearly the risk of a prolonged economic and credit downturn is yet to be fully discounted in corporate earnings estimates.