Sell GBPINR; target of : 93.30: ICICI Direct

ICICI Direct, The pound edged lower on Tuesday and was set for its biggest monthly fall against the single currency in 16 months as the energy crisis renewed recession fears in Britain.

September 02, 2022 / 09:50 IST

Representative image

ICICI Direct's currency report on GBPINR

The pound edged lower on Tuesday and was set for its biggest monthly fall against the single currency in 16 months as the energy crisis renewed recession fears in Britain. The continued rise in gas prices entails the risk that the recession will be more pronounced and longer than previously expected.

For all Currency report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

01092022 - currency

first published: Sep 1, 2022 09:45 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347