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Why is the British pound weakening vis-a-vis the Euro and Dollar?

british dollar Economics Euro pound social vis-a-vis weakening
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Why is the British pound weakening vis-a-vis the Euro and Dollar?

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One of the reasons might be attributed to consumer confidence. There is little confidence in the British government right now, and there are fears of a recession. Therefore, everybody saves for fear of recession, and this represents a leakage from the economy.

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