Blame Brexit lol, never miss a chance do they?.
Do you think it's just the UK to having a problem? Germany to fall into recession as global economic outlooks darkens, OECD predicts
https://www.euronews.com/my-europe/2022/09/26/russia-and-germany-to-fall-into-recession-as-global-economic-outlooks-darkens-oecd-predict
"The study paints a bleak picture of the world economy: business confidence, disposable incomes and household expenditure all plummet while the costs of fuels, food and transportation surge"
The UK has always been in a different cycle to the EU.
"The PMI surveys signal that the euro area is entering recession earlier than we previously thought, led by its largest economy Germany, and we now see the euro area 'enjoying' a longer, three quarter recession," said Peter Schaffrik at the Royal Bank of Canada.
https://www.reuters.com/markets/europe/europe-heading-recession-cost-living-crisis-deepens-2022-09-05/
Let's see what happens when the currency traders turn their attention to the Euro, at least the UK has been pro-active in trying to find a solution