Fallout from Britain’s Decision to Leave the EU Continues
GB POUNDTuesday the pound weakened against most of its major currency peers as CPI data showed annual Inflation rose to 0.5% in June, an increase of 0.2% since May. Many economists were predicting 0.4%. The last time inflation was this high was November 2014 when it was 1%. The key drivers behind this figure are higher petrol prices, the rising cost of air fares and more expensive computer games.
The IMF have downgraded their forecasts for global growth from 3.2% to 3.1%. The UK also downgraded Read more