The German Commercial Bank's report on January 22nd stated that 'if the UK government makes efforts to improve consumer and business confidence, the exchange rate of the pound to the euro may rebound in the coming months. Otherwise, the target of raising the long-term growth potential of the UK will not be achieved, and the weakness of the pound will be proven over a longer period of time.' In the past few months, the UK economy has clearly slowed down, and since the end of the summer, various consumer and business surveys have almost collapsed. In view of this, the German Commercial Bank slightly lowered its expectations for the UK economy, but still expects the UK economy to be slightly stronger than the eurozone.
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The German Commercial Bank's report on January 22nd stated that 'if the UK government makes efforts to improve consumer and business confidence, the exchange rate of the pound to the euro may rebound in the coming months. Otherwise, the target of raising the long-term growth potential of the UK will not be achieved, and the weakness of the pound will be proven over a longer period of time.' In the past few months, the UK economy has clearly slowed down, and since the end of the summer, various consumer and business surveys have almost collapsed. In view of this, the German Commercial Bank slightly lowered its expectations for the UK economy, but still expects the UK economy to be slightly stronger than the eurozone.