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UK political upheaval and stagflation fears weigh on pound
UK political upheaval and stagflation fears weigh on pound

Political uncertainty and growing economic woes, including spiralling inflation and the threat of a recession, are weighing heavily on the British pound, against both the US dollar and the also struggling euro. Against the euro, which has been weighed down by the European Central Bank's difficulties in tightening its monetary policy, the pound has fallen by two percent this year.