Pound suffers further falls as UK’s fiscal troubles set to deepen
Sterling tumbled to a two-and-a-half-year low against the euro and a three-month low versus the US dollar, down 0.4% at 1.13 euros and 0.4% lower at 1.32 dollars, following steep falls on Tuesday. It comes after reports that the UK’s independent fiscal watchdog, the Office for Budget Responsibility (OBR), had cut its productivity forecast –…