Sterling's slide is far from over
Sterling has borne the brunt of global and UK financial market jitters, a sharp domestic macroeconomic downturn and a central bank that is now embarking on an unconventional monetary policy. What's more, the UK banking sector still finds itself near the centre of the storm when it comes to the heightened level of risk aversion and financial market turbulence. Unsurprisingly, sterling remains under pressure, registering deep declines against its major trading partners. Looking ahead, opinion is
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