2024-07-02 09:00:04 +0300

Recession Unease Sends Pound Crashing to Worst Quarter Since ‘08

Bloomberg

In the words of AllianceBernstein economists this week: “The UK economy is being pulled apart.”

The evidence is everywhere. Households are losing their spending power, the cost of basic goods is skyrocketing and business confidence is dismal. The pound is coming off its worst quarter since 2008 and sank below $1.20 on Friday.

#worstquarter #basicgoods #dismal #UKeconomy #businessconfidence

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