UK private sector is contracting as firms give ‘thumbs down’ to the budget, hitting pound – as it happened
Rolling coverage of the latest economic and financial news
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The pound has dropped to a six-month low against the US dollar, after this morning’s weaker-than-expected retail sales report.
Sterling fell as low as $1.255, its weakest level since 14 May, extending recent losses as economic worries have risen. Continue reading...
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