Pound Sterling has lost further ground against both The Euro & US Dollar this morning after it has emerged that UK GDP figures in November undershot expectations of 0.2% growth, only growing by a meagre o.1%.
This has now increased the prospect of stagflation being a real concern in the economy as we now see the effects of budget uncertainty and the poorer weather taking effect on any hopes of growth. After experiencing some breathing space off the back of yesterday's surprising Inflation release, GBP has now lost more than half of its gains in particular against The Euro. It is also expected that The UK economy flatlines throughout the next quarter as Storm Bert which has battered the whole of The UK through January is expected to have disrupted consumer activity even more.
CLICK HERE to read more.
