I'm glad you've made a few bucks but I think only #11 could describe it as pre-minibudget levelsArchery1969 wrote: ↑Fri Sep 30, 2022 12:43 pmPound has rallied and recovered to level before mini budget announcement last week.
UK Economy
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ShaunWhite
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Archery1969
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I meant it’s higher than it was on 22nd. Day before the announcement.ShaunWhite wrote: ↑Fri Sep 30, 2022 1:20 pmI'm glad you've made a few bucks but I think only #11 could describe it as pre-minibudget levelsArchery1969 wrote: ↑Fri Sep 30, 2022 12:43 pmPound has rallied and recovered to level before mini budget announcement last week.
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Archery1969
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Gove to take revenge against Truss for making him homeless and vote against tax cuts.
Well orange you cute, giving a serious interview while being carried away like a toddler 
: https://twitter.com/benphillips76/statu ... 7929479170
: https://twitter.com/benphillips76/statu ... 7929479170
Fitch: Deeper UK recession now likely as interest rates rise faster
Credit rating agency Fitch has warned that the UK faces a deeper recession than previously forecast.
Fitch, which last week cut the outlook on the UK to ‘negative’, has now predicted that the UK GDP will shrink by 1% in 2023, following the “extreme volatility in UK financial markets and the prospect of sharply higher interest rates.”
Last month, Fitch had forecast a drop of -0.2% of GDP next year.
Fitch has warned that rising funding costs, tighter financing conditions (including for mortage borrowers) and increased uncertainty will outweigh the impact of the government’s tax cuts next year.
Fitch sees the economy entering recession from 4Q22 as “rapid rate rises compound the impact of the energy crisis and the contraction in the eurozone”.
Credit rating agency Fitch has warned that the UK faces a deeper recession than previously forecast.
Fitch, which last week cut the outlook on the UK to ‘negative’, has now predicted that the UK GDP will shrink by 1% in 2023, following the “extreme volatility in UK financial markets and the prospect of sharply higher interest rates.”
Last month, Fitch had forecast a drop of -0.2% of GDP next year.
Fitch has warned that rising funding costs, tighter financing conditions (including for mortage borrowers) and increased uncertainty will outweigh the impact of the government’s tax cuts next year.
Fitch sees the economy entering recession from 4Q22 as “rapid rate rises compound the impact of the energy crisis and the contraction in the eurozone”.
Couldn't be a more appropriate time for an announcement. Adults don't get frightened of the usual Halloween props, but an announcement of government plans will scare the crap out of all of us.
