GBP – Sterling held near its lowest since 2020 on Tuesday, as worries about Britain’s economic outlook and the country’s latest debt report weighed on the currency.
Reuters noted that the UK’s latest debt report showed the British government had borrowed almost 20% more than forecast in the 2021/22 financial year.
Rabobank concluded that “there is little sign of the pound moving back into favour with this morning’s borrowing data highlighting the difficulties of the Chancellor in softening the impact of the cost of living crisis given the increased weight of debt maintenance.”
Reuters noted that the UK’s latest debt report showed the British government had borrowed almost 20% more than forecast in the 2021/22 financial year.
Rabobank concluded that “there is little sign of the pound moving back into favour with this morning’s borrowing data highlighting the difficulties of the Chancellor in softening the impact of the cost of living crisis given the increased weight of debt maintenance.”
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.