Cash savers take a ‘hard Brexit’ pounding



There will be winners and losers as sterling tumbles, says Jeff Salway
The weak pound will continue to benefit investors as a currency recovery becomes increasingly unlikely, but living costs could rise and cash savers face yet more misery. That’s the outlook for the coming months after the UK government’s indication that it would seek a “hard Brexit” sent the pound tumbling to its lowest level for more than three decades. The prospect of an exit from the single market means the currency weakness could now be prolonged, experts say.
The falling pound helped drive the FTSE 100 close to a... read more

 
8 October 2016 in Lifestyle, Views: 34
Source: Scotsman
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