There was a shock to the system today, as the pound endured the currency equivalent of falling into an ice cold lake. GDP figures released this morning showed that the British economy contracted by 0.5% in the three months through December. Read more

Sterling weakened against the dollar yesterday on the back of grim US data, with figures showing US consumer confidence dropped to another record low in February, while a survey showed US home prices falling at a record pace in December. The pound wa… Read more

The pound continued to be sold off today reaching record lows against the Japanese Yen. Sentiment is driving the pound to new lows every day and there doesn’t appear to be any floor. Read more

The pound has lost further ground against the dollar today, sinking to a fresh 23-year low as data showed the UK economy shrank at its fastest pace since 1980 and confirmed Britain had fallen into recession for the first time in nearly 20 years. Read more

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