Cable (FXB) dives as U.K. Treasury Chancellor Osborne slashes the government forecast for 2013...

|By:, SA News Editor

Cable (FXB) dives as U.K. Treasury Chancellor Osborne slashes the government forecast for 2013 GDP growth to 0.6% from 1.2% made just 3 months ago. With fiscal tightening still in force, Osborne says the government will go further on monetary activism.