Latest Currency News

Sterling fell yesterday, as the Office for National Statistics reported that UK manufacturing fell 0.9% in January and in addition, industrial production also fell by 0.4% because of the impact of the bad weather.

This was the biggest monthly decline since August last year.

The Prime Minister announced that the budget will be presented on Wednesday 24th March and that it will set out more detail on the planned deficit reduction. At the same time, he warned that the economic recovery is fragile and that cutting spending now could tip Britain back into recession.