UK economy not as terrible as some say - BoE's Posen

LONDON (Reuters) - Britain's economic situation is not as dire as some fear, as private-sector job growth and exports painted a brighter picture, Bank of England policymaker Adam Posen was quoted as saying on Wednesday. Related Stories Saudi cranks up June oil output, Iran slumps - OPEC OPEC sees 2013 oil demand growth slowing LSE, SGX to offer trading in each other's top stocks Italy eyes euro