UK Poverty Warning Pushes Down Pound While ‘Chip Wars’ Add To China Woes

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Grim forecasts about poverty spreading in the UK amid cost-of-living crisisThe pound has been pummelled to fresh lows against the dollar reaching $1.15FTSE 100 and FTSE 250 open lower, with retailers, consumer goods companies and commodity giants downCovid rears up again in China adding to concerns about the fragile global economyFresh front in the ‘chip wars’ opens up, with Nvidia caught in the cross fire.UK Poverty Deepens Woes For The EconomyGrim forecasts about poverty spreading across the UK this winter highlight the deepening woes for the UK economy. With such a bleak winter ahead, the p…

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