Sterling Dented by U.K. Growth Concerns
Sterling was weaker, and is among the worst performing G-10 currencies in the past week due to economic outlook concerns, Ebury said, with reports retailers are expecting to raise prices and reduce hiring leading to some jittery trading, and the impact of higher rates on the economy, particularly via mortgages, shouldn’t be underestimated, it added.
Sterling was weaker, and is among the worst performing G-10 currencies in the past week due to economic outlook concerns, Ebury said, with reports retailers are expecting to raise prices and reduce hiring leading to some jittery trading, and the impact of higher rates on the economy, particularly via mortgages, shouldn’t be underestimated, it added.
