OECD data confirms the currency's growth problem with a 1.0% growth forecast for next year.
Fears of a new tax raid in the Autumn has stalled the economy.
Pound sterling to stay on the defensive into November's budget.
The British pound fell from the day's highs after the Bank of England left Bank Rate unchanged but left the door open to a cut in November.
Horizon Currency Ltd
Albany House
14 Shute End
Wokingham
RG40 1BJ Companies House Registration: 11242368
Horizon Currency's payment and foreign currency exchange services are provided by:
1) Equals Connect Limited, registered in England and Wales (registered no. 07131446). Registered Office: Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Connect Limited are authorised by the Financial Conduct Authority to provide payment services (FRN: 671508).
2) Sciopay Limited Registered in England and Wales (registered no. 12352935). Registered Office: WeWork, WW Moor Place Limited, 1 Fore Street Avenue, London, EC2Y 9DTE. Sciopay Ltd is registered with the Financial Conduct Authority (927951).