January 31, 2023 – Written by John Cameron
STORY LINK Pound Euro Exchange Rate News: GBP/EUR Slipped on Downbeat IMF 2023 Assessment
Pound (GBP) Undermined by Another Downbeat Economic Forecast
The Pound (GBP) is struggling to catch a break this week, or this year, as Tuesday saw another pessimistic forecast weigh heavily. The International Monetary Fund (IMF) expressed concerns that the UK will be the only G7 economy to shrink in 2023.
Another downgraded prediction further highlights the dire situation the UK finds itself in, as a toxic cocktail of high energy prices, surging interest rates, and higher taxes will continue to exacerbate the cost-of-living…
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