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

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