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Abstract：The British Pound (GBP) faces headwinds as new data reveals a sharp contraction in consumer spending, raising fears that fiscal drag is choking the UK's economic engine.
The British Pound (GBP) faces headwinds as new data reveals a sharp contraction in consumer spending, raising fears that fiscal drag is choking the UK's economic engine.
Forecasts for the critical post-Christmas “Boxing Day” sales indicate a £1 billion shortfall in spending compared to previous years. Only 26% of consumers plan to participate in holiday sales, citing the recent budget's tax hikes and the cost-of-living crisis as primary deterrents.
Retailers are warning of a grim 2026, with major high-street names noting that the freeze on income tax thresholds is draining disposable income. For the Bank of England (BoE), signs of a consumer-led recession could force a more aggressive dovish pivot than the Fed or ECB. If UK consumption data continues to deteriorate in Q1 2026, GBP/USD could struggle to sustain its recent rally, regardless of broad dollar weakness.
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Wondering how much time you have to trade currencies in the Indian foreign exchange market? Can you do it during the daytime or at your convenience? You have got all your answers here. In this article, we have covered the forex trading time in India. Read on!
Currency pairs play a crucial role in forex trading. To effectively participate in the forex market, it's important to understand which currency pairs are most relevant in your country. For traders in India, knowing the actively traded currency pairs is essential.
Recent developments include Labour's landslide UK election victory, geopolitical tensions from Eurasian security discussions, Trump's election impact on Japanese stocks, EU's tech regulatory actions, tentative Hamas-Israel ceasefire, continuity in Mexican policies, Toronto's housing market rise, Boeing's Starliner issues, SpaceX's ISS deorbit contract, Indian IT companies' earnings, Malaysian tech stocks upgrade, Philippine inflation easing, Eli Lilly's Alzheimer's drug approval, US housing mark
Recent developments include Labour's landslide UK election victory, geopolitical tensions from Eurasian security discussions, Trump's election impact on Japanese stocks, EU's tech regulatory actions, tentative Hamas-Israel ceasefire, continuity in Mexican policies, Toronto's housing market rise, Boeing's Starliner issues, SpaceX's ISS deorbit contract, Indian IT companies' earnings, Malaysian tech stocks upgrade, Philippine inflation easing, Eli Lilly's Alzheimer's drug approval, US housing mark
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