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It is now clear the weak pound is doing 'more harm than good'

British Chambers of Commerce (BCC) argues sterling depreciation doing "more harm than good" for the economy. Depreciation has driven up the cost of living, and squeezed regular households. It has also failed to boost exports significantly — an argument made by many Brexiteers as to why a sterling depreciation is a good thing. BCC cuts UK growth forecasts for 2018 from 1.
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