Want to create an interactive transcript for this episode?
Podcast: Beyond Currency
Episode: 26 April 2022 - Pound likely to hit 1.25 and divergence emerges
Description: There are fears that the UK economy is weakening at such a rate that it will be the first G7 economy to face stagflation.
The Governor of the Bank of England has already expressed his fears that hiking rates too quickly will slow the economy to such an extent that the Central bank will actually contribute to the overall malaise facing the economy, rather than achieving its goal of lowering inflation.
Rising inflation has led to a fall in retail sales as household budgets have been hard hit, causing consumers to be more considerate in making purchases. Online sales have...