Jonathan Cook
on November 23rd, 2023 The pound lost some value around the autumn statement, but began the morning down just 0.1% against the euro and up by a similar margin against the US dollar.
To coincide with Hunt’s speech, the OBR released its GDP growth forecast for the UK economy, and it did not make for pretty reading. The independent office forecasts growth to beat expectations in 2023 but made significant reductions to its medium-term outlook for the country.
GBP/USD: the past year
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