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2025-09-12 19:49:15
[Market Analysis: The pound may fall further due to economic fragility] XTB analyst Brooks said in a report that the pound may extend its decline as the latest UK GDP data showed that the UK economy was in a fragile state before the announcement of the Autumn Budget in November. The data showed that the UK economy failed to grow in July. Brooks said that the "ghost of stagflation", that is, low growth combined with high inflation, continues to hang over the UK economy. She said that the Bank of England seemed cautious about cutting interest rates recently, but the data may boost market expectations of rate cuts and further weaken the pound.
