January 27, 2023 – Written by John Cameron
STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Weakened on Fears over UK Economic Growth Plans
Pound (GBP) Slipped on Economic Growth Concerns
The Pound (GBP) struggled for demand on Friday amid a lack of economic data. An uninspiring speech from Chancellor Jeremy Hunt failed to inspire confidence ahead of the interest rate decision from the Bank of England (BoE) next week.
With economists and analysts predicting a torrid year for the UK economy, Hunt attempted to allay those fears with the Conservative’s growth plan. However, investors were not confident, and Sterling subsequently…
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