City dumps the pound ahead of Reeves's Spring Statement [Yahoo! Finance]
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
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Source: Yahoo! Finance
Net sales of the pound by institutional investors, such as asset managers and mutual funds, have been four times higher than the average in recent weeks, according to Bank of America. Professional investors are selling sterling ahead of an expected downgrade in growth forecasts from the Office for Budget Responsibility (OBR). The spending watchdog is expected to present forecasts showing growth for this year has been downgraded from 2pc to about 1pc. On Tuesday Credit ratings agency S&P Global cut its forecast for UK growth this year from 1.5pc to 0.8pc. Its economists said: “High prices and weak growth suggest the economy has lost some capacity to grow following recent shocks, namely, the Covid-19 pandemic, Brexit, and the energy crisis. “At the same time, businesses and households across the UK are adjusting to changes in public policy.” Weak growth has left the Chancellor at risk of breaking her self-imposed fiscal rules. She is expected to announce £15bn of cuts to pu
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SPGI
Earnings
- 10/31/25 - Beat
SPGI
Sec Filings
- 12/4/25 - Form 8-K
- 12/1/25 - Form 8-K
- 11/13/25 - Form 8-K
- SPGI's page on the SEC website