UK’s Hunt: Economy is likely to get worse before it gets better

 UK Finance Minster Jeremy Hunt said in a BBC News interview on Monday, the economy is “likely to get worse before it gets better.”

 “i don't know whether inflation has peaked or not,” Hunt said.

Also read: UK GDP rebounds 0.5% MoM in October vs. -0.1% expected

Market reaction

The Pound Sterling is picking up bids on the above comments, as GBP/USD tests 1.2250 once again, still down 0.05% on the day.

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