{"id":72835,"date":"2021-11-15T09:51:12","date_gmt":"2021-11-15T09:51:12","guid":{"rendered":"https:\/\/secondchargemortgageuk.com\/?p=72835"},"modified":"2021-11-15T09:51:14","modified_gmt":"2021-11-15T09:51:14","slug":"pound-plunges-to-yearly-low","status":"publish","type":"post","link":"https:\/\/secondchargemortgageuk.com\/pound-plunges-to-yearly-low\/","title":{"rendered":"Pound plunges to yearly low against dollar on underwhelming UK GDP figures"},"content":{"rendered":"\n<p>The pound has plunged to its lowest level against the dollar this calendar year driven by traders dumping the currency after fresh data showed the UK economic recovery is stalling.<\/p>\n\n\n\n<p>Pound sterling dipped to day low of $1.3365, the weakest the pound\/dollar exchange rate in 2021, following the release of new GDP data from the Office for National Statistics (ONS) this morning.<\/p>\n\n\n\n<p>The fall was triggered by currency traders selling off sterling holdings due to a weaker than expected quarterly UK GDP clip, which came in at an underwhelming 1.3 per cent for the three months to September, soured sentiment toward sterling.<\/p>\n\n\n\n<p><em>To find out more about how we can assist you with your <strong>Second Charge Mortgage<\/strong> please <a rel=\"noreferrer noopener\" href=\"https:\/\/secondchargemortgageuk.com\/contact-us\/\" target=\"_blank\">click here<\/a><\/em><\/p>\n\n\n\n<p>The drop was compounded by currency traders pouring into the dollar after a fiery inflation print published yesterday strengthened the prospect of the US Federal Reserve raising interest rates.<\/p>\n\n\n\n<p>Data from the US Bureau of Labor Statistics shows prices are rising at their fastest pace since 1990 in America.<\/p>\n\n\n\n<p>The pound has rebounded over the last month, but was sent tumbling after the Bank of England last week decided to hold interest rates at a record low 0.1 per cent despite expecting inflation to hit at least five per cent in April next year.<\/p>\n\n\n\n<p>Currencies tend to weaken if inflation is strong due to holders of separate currencies losing purchasing power.<\/p>\n\n\n\n<p><em>By JACK BARNETT<\/em><\/p>\n\n\n\n<p>Source: <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cityam.com\/pound-plunges-to-yearly-low-against-dollar-as-uk-gdp-figures-underwhelm\/\" target=\"_blank\">City AM<\/a><\/p>\n\n\n\n<p><em>Discover our <a rel=\"noreferrer noopener\" href=\"https:\/\/secondchargemortgageuk.com\/\" target=\"_blank\"><strong>Second Charge Mortgage Broker<\/strong><\/a> services.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pound has plunged to its lowest level against the dollar this calendar year driven by traders dumping the currency after fresh data showed the UK economic recovery is stalling. Pound sterling dipped to day low of $1.3365, the weakest the pound\/dollar exchange rate in 2021, following the release of new GDP data from the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":72454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[1978],"tags":[2169,2075,2098],"yst_prominent_words":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v14.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pound plunges to yearly low against dollar on underwhelming GDP figures<\/title>\n<meta name=\"description\" content=\"Pound has plunged to its lowest level against the USD this year driven by traders dumping the currency after data showed the economic recovery is stalling.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/secondchargemortgageuk.com\/pound-plunges-to-yearly-low\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pound plunges to yearly low against dollar on underwhelming GDP figures\" \/>\n<meta property=\"og:description\" content=\"Pound has plunged to its lowest level against the USD this year driven by traders dumping the currency after data showed the economic recovery is stalling.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/secondchargemortgageuk.com\/pound-plunges-to-yearly-low\/\" \/>\n<meta property=\"og:site_name\" content=\"Second Charge Mortgage UK\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-15T09:51:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-15T09:51:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/secondchargemortgageuk.com\/wp-content\/uploads\/2021\/02\/pound-coin-3005885_960_720.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/#organization\",\"name\":\"UK Mortgage Broker\",\"url\":\"https:\/\/secondchargemortgageuk.com\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secondchargemortgageuk.com\/wp-content\/uploads\/2020\/01\/transparent.png\",\"width\":726,\"height\":334,\"caption\":\"UK Mortgage Broker\"},\"image\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/#website\",\"url\":\"https:\/\/secondchargemortgageuk.com\/\",\"name\":\"Second Charge Mortgage UK\",\"description\":\"Mortgage Solutions for Clients with Adverse Credit\",\"publisher\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/secondchargemortgageuk.com\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/pound-plunges-to-yearly-low\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secondchargemortgageuk.com\/wp-content\/uploads\/2021\/02\/pound-coin-3005885_960_720.jpg\",\"width\":960,\"height\":640,\"caption\":\"GBP sterling UK economy pound UK recovery\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/pound-plunges-to-yearly-low\/#webpage\",\"url\":\"https:\/\/secondchargemortgageuk.com\/pound-plunges-to-yearly-low\/\",\"name\":\"Pound plunges to yearly low against dollar on underwhelming GDP figures\",\"isPartOf\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/pound-plunges-to-yearly-low\/#primaryimage\"},\"datePublished\":\"2021-11-15T09:51:12+00:00\",\"dateModified\":\"2021-11-15T09:51:14+00:00\",\"description\":\"Pound has plunged to its lowest level against the USD this year driven by traders dumping the currency after data showed the economic recovery is stalling.\",\"breadcrumb\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/pound-plunges-to-yearly-low\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/secondchargemortgageuk.com\/pound-plunges-to-yearly-low\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/pound-plunges-to-yearly-low\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/\",\"url\":\"https:\/\/secondchargemortgageuk.com\/\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"position\":2,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/pound-plunges-to-yearly-low\/\",\"url\":\"https:\/\/secondchargemortgageuk.com\/pound-plunges-to-yearly-low\/\",\"name\":\"Pound plunges to yearly low against dollar on underwhelming UK GDP figures\"}}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/pound-plunges-to-yearly-low\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/pound-plunges-to-yearly-low\/#webpage\"},\"author\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#\/schema\/person\/2a6baa7be34813e3821576e78b74f615\"},\"headline\":\"Pound plunges to yearly low against dollar on underwhelming UK GDP figures\",\"datePublished\":\"2021-11-15T09:51:12+00:00\",\"dateModified\":\"2021-11-15T09:51:14+00:00\",\"commentCount\":0,\"mainEntityOfPage\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/pound-plunges-to-yearly-low\/#webpage\"},\"publisher\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/pound-plunges-to-yearly-low\/#primaryimage\"},\"keywords\":\"Pound Sterling,uk economy,UK GDP\",\"articleSection\":\"Second Charge Mortgage UK\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/secondchargemortgageuk.com\/pound-plunges-to-yearly-low\/#respond\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/secondchargemortgageuk.com\/#\/schema\/person\/2a6baa7be34813e3821576e78b74f615\",\"name\":\"Marketing\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/58097a1900583ccc6a78711c63c1b8f7?s=96&d=mm&r=g\",\"caption\":\"Marketing\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","_links":{"self":[{"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/posts\/72835"}],"collection":[{"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/comments?post=72835"}],"version-history":[{"count":1,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/posts\/72835\/revisions"}],"predecessor-version":[{"id":72836,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/posts\/72835\/revisions\/72836"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/media\/72454"}],"wp:attachment":[{"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/media?parent=72835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/categories?post=72835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/tags?post=72835"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/yst_prominent_words?post=72835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}