The British pound is falling further into the red as the government looks set to deliver a monumental climbdown on taxes.
The British pound fell against the euro, dollar and other currencies after the ONS said the UK economy grew just 0.1% in the three months of the third quarter.
Surprisingly large decline in payrolls reported.
The British pound is seen at risk of further weakness against its two major rivals, although a rebound after the budget is possible.
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