Sterling fell to its lowest level in a month

The pound sterling fell against the US dollar and the euro today, approaching its lowest level in a month, as the pound sterling fell against the US dollar by 0.1% to 1.2737 dollars, and the pound sterling fell against the euro by 0.3% to 86.21 pence.

And the National Institute for Economic and Social Research (NIESR) predicted that the inflation rate in Britain will decline from 7.9% now to 5.2% by the end of 2023, and the economy will grow by 0.4% this year and by 0.3% in 2024.

The National Institute for Economic and Social Research said that British economic output is not on track to return to its pre-pandemic peak until late 2024, which represents zero growth over a five-year period.