#sterling
#sterling

[ follow ]

Pound sinks against euro and dollar as tax rises loom and growth slows

Higher taxes and a downgraded productivity outlook pushed sterling to multi-year lows and brought forward expected Bank of England rate cuts.

Bank of England will keep the policy rate at 4% with slim odds of further cuts this year as inflation remains elevated and core pressures persist.

Sterling recovered from early losses despite weakened business activity due to geopolitical trade tensions.

[ Load more ]