The Great Britain pound fell today against other
Nationwide Building Societyâs consumer confidence index rose by one point to 74 in April, while it previously had sank to 73 points in March from 83 the month earlier. The budget deficit was at the record level of 166.5 billion pounds in the previous year and predicted to be 163 billion pounds (11.1 percent of gross domestic product) this fiscal year.
George Osborne, the Chancellor of the Exchequer, voiced his opinion about the coalition and the future of the Britain’s economy:
Weâve got a coalition agreement that commits us to significantly accelerating the reduction in the structural deficit. Thereâs lots of work ahead. Weâve got a very difficult economic situation.
GBP/USD traded today near 1.4592 as of 21:23 GMT after it opened at 1.4823. EUR/GBP traded at about 0.8577 up from its opening level of 0.8509.
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