January 11, 2023 – Written by John Cameron
Pound (GBP) Subdued amid Ever-Downbeat Domestic Issues
The Pound (GBP) once again struggled for demand in a week relatively devoid of economic data. Leaving Sterling vulnerable to domestic woes, the UK’s largest house builder compounded those issues with a stark warning.
As mortgage approvals continue to slide, along with house prices, Barratt warns of a ‘marked slowdown’ in the housing market. A maelstrom of economic and political headwinds impacted the sector in the past six months, and uncertainty…