The British Pound extended gains against the Dollar and closed a deficit against the Euro after survey data showed the UK economy outperformed expectations in January.
Buy the British Pound and UK bonds; the pessimism towards the UK is overdone.
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.