RSS Sterling Drops on Surprise UK GDP Contraction, Dollar Strengthens

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 RSS Sterling Drops on Surprise UK GDP Contraction, Dollar Strengthens

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Sterling slumped broadly today after UK GDP unexpectedly contracted in October, missing forecasts of modest growth. This contraction underscores the challenges facing the UK economy, which has been grappling with persistent inflation and uncertainty following the Autumn Budget. The government’s recent pledge to transform the UK into the fastest-growing G7 economy now seems even more […]

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