PwC predicts inflation will fall near ‘normal levels’ in 2024, but corporate insolvencies are forecast to jump
The pound has hit its highest level against the US dollar since the beginning of August, as investors continue to bet on falling US interest rates in 2024.
Sterling has climbed to $1.2825, its highest level in almost five months, as the dollar weakens in somewhat thin trading this morning.
Released yesterday, the Richmond Manufacturing index came in much softer than expected – hinting at a significantly faster slowdown in economic activity in December, shipments also contracted significantly compared to a year ago.
