GBP Forecasts Plummet Amid UK's Fiscal Policy Challenges: A Guide to the Alarming Dip in Pound Sterling

The British Pound has seen significant pressure, with GBP forecasts plunging due to concerns over the UK's fiscal policy, inflation, stagnant economic growth, and interest rate expectations. Bank of America has cut its outlook for the Pound Sterling, reflecting growing unease over the UK's financial stability and future economic trajectory. The UK economy faces challenges such as a cost of living crisis, operational cost increases, and post-Brexit adjustments, making it difficult to achieve sustained economic growth.