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.
Deutsche Bank Turns Seller of the Pound
- Category: GBP
Strategists at Deutsche Bank have turned sellers of the Pound, suggesting the 2025 decline is still relatively small.