Pound Decline News Today : Breaking News, Live Updates & Top Stories | Vimarsana

we start here in the uk where the bank of england has given its bleakest forecast in recent memory — a prolonged recession is on the way, starting this autumn and continuing all of next year and into 202a. if accurate, it would be the longest downturn for the uk economy since the financial criss in 2008. inflation is predicted to hit more than 13%, driven by the sharp rise in energy bills. and in an effort to rein in soaring prices, the bank has raised interest rates by the most in 27 years, piling more pressure on households. 0ur economics editor faisal islam reports. as the essen...

The value of the pound to stop the value of the pound to stop the effect of imported inflation adding to the inflationary pressures already inflationary pressures already in the economy. so, ultimately, there are no good options. the bank of england can either not raising interest rates and see the bank value of the pound decline or the central bank can raise interest rates in an attempt to try and mitigate, take the edge of that effect. i see. thank you for the explanation. and one other key point that i think people will look at, and i know the bank of england is independent and has its own ...