Sterling suffered a sharp decline against both the euro and dollar on Wednesday as warnings of tax rises and a deteriorating growth outlook weighed heavily on the UK currency. Traders
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Tourist expenditure across Britain is predicted to remain suppressed over the next five years, driven by persistent inflation, a robust pound sterling and the cessation of VAT-free shopping, according to
The pound has reached a 13-month high against the dollar, trading at $1.3118, as British companies reported their fastest growth in four months during August. According to the latest S&P
