March 1, 2023 – Written by John Cameron
STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Wavered on Returning UK Domestic Woes
Pound (GBP) Undermined by Weakening Housing Market
The Pound (GBP) lost its momentum from post-Brexit trade deal optimism as a flurry of domestic woes returned to the forefront. Economic data released on Wednesday morning highlighted the cost-of-living crisis that is gripping the UK economy.
House prices tumbled at the fastest rate since 2012, and on a yearly basis fell for the first time since the height of the Covid pandemic. Slipping by 1.1% YoY, concerns of the housing sector struggling in the near future could…
Read More
