Analyst Warns of Potential Pound Decline Amid Weak UK Economic Data
Analyst Kit Juckes from Société Générale has indicated that the British pound may face pressure if upcoming UK economic data falls short of expectations. According to Jin10, the UK is set to release its employment data on Tuesday, followed by inflation figures on Wednesday and retail sales data on Friday. Juckes noted that if the economic indicators are worse than anticipated, it could further depress the pound's exchange rate. The pound has already experienced a decline due to recent political uncertainties in the UK.
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