Sterling was little changed against the dollar and the euro on Thursday, hovering above a 35-year low touched last week against the greenback as investors fret about the economic outlook and continue to favour the US currency. Sterling has been one of the worst performing major currencies in 2022, hit by expectations of a long recession, stubbornly high inflation and political instability. New Prime Minister Liz Truss’s plans to fund a mammoth energy support package by increasing borrowing have added to investor concerns about the long-term outlook for the British economy. “There’s a lot of talk about stagflation at ... (full story)