January 16, 2023 – Written by John Cameron
STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Soured as Economists Warned of Global Recession Danger
Pound (GBP) Softened amid Mounting Economic Fears
The Pound (GBP) struggled for demand on Monday morning amid a lack of economic data left Sterling exposed to a flurry of external factors. Taking a break from the usual domestic woes, Sterling looks to be under pressure from mounting fears of a global recession once more.
According to senior economists, the global economy is expected to fall into recession in 2023. With the World Economic Forum (WEF) set to get underway at Davos, Switzerland,…
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