The British Pound is currently under significant pressure due to weak economic indicators, with GDP growth in November registering only 0.1%, well below expectations.
Yearly GDP growth for the UK has slowed to 1%, underscoring the ongoing challenges for public finances and the overall economic trajectory, risking increased concern among investors.
Production and manufacturing remain in contraction, while the services sector has only shown a slight gain, indicating broader economic difficulties that could impact monetary policy.
The potential for a rate cut by the Bank of England in February reflects the gravity of the situation, with inflation slowing and economic stagnation weighing on policy decisions.
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