Sterling slides as Bank of England slashes growth forecasts

Joe Mellor - 7 February 2019

The Bank of England has downgraded its growth forecast for 2019 growth to 1.2%, which would be the smallest rise since 2009.

Sterling tumbled on the news and was trading 0.6% down versus the US dollar at $1.285. Against the euro, the pound was down 0.3% at €1.134.

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