Stinking Retail Sales Report Sees Pound Sterling Add to Losses against Euro and Dollar
- Category: GBP
The British Pound fell against the Euro, Dollar and other currencies after the ONS revealed a shock decline in retail sales for December.
Pound Sterling Drops Against Euro and Dollar After GDP Confirms "Stagflation Looms Large"
- Category: GBP
The UK economy is entering a period of low growth and high inflation, also known as stagflation.
The British Pound reached a new multi-week low against the Euro and softened against the U.S. Dollar after UK inflation undershot expectations.
The under-pressure British Pound will look to the Chancellor of the Exchequer to bail it out today.