Pound plunges, stocks up, economy flat: What do Brexit swings mean for you?

Pound plunges, stocks up, economy flat: What do Brexit swings mean for you?
 

Sterling has tumbled to a 31-year low, but British stocks are near a record high and, contrary to many expert forecasts, the shock of Brexit has not yet pushed the British economy off a cliff.
So what gives?
Depending on which part of the financial universe you look at, the outlook for UK Plc following the June 23 vote to leave the European Union can appear equally bright or bleak.
Sterling's plunge makes Britain's exports more competitive on global markets and is therefore a boost for economic growth. But if sustained, it will fuel inflation and become a source of worry at the Bank of... read more

 
7 October 2016 in Business, Views: 40
Source: Reuters
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
          1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 31