April 13, 2023 – Written by John Cameron
STORY LINK Pound Euro Exchange Rate News: GBP/EUR Weakened as UK Economy Records Zero Growth
Pound (GBP) Undermined by Flatlining Economy
The Pound (GBP) came under increased pressure on Thursday morning as the Office for National Statistics (ONS) revealed that the UK economy missed forecasts of a mild expansion and stagnated for the month of February.
Against expectations of a 0.1% increase, the UK’s economy recorded zero growth in February, as a wave of industrial action stemmed growth. Despite a substantial rebound in consumer activity, the strike action from teachers and civil servants weighed heavily on…
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