Winners and loses from sterling fall: Pound 'crisis' boosts stock market to record high but imported inflation could cost UK households dear...

Winners and loses from sterling fall: Pound 'crisis' boosts stock market to record high but imported inflation could cost UK households dear...
 

Talk of a 'sterling crisis' has emerged this week after further falls took the pound below $1.23 – 25 per cent below its long-term average rate.
Since Britain voted in June to leave the European Union, sterling has tumbled about 16 per cent.
As currency markets are a barometer of a nation’s economic health and prospects, relative to other markets and economies, many fear that investors are losing faith in the UK after the Brexit vote.
Others argue speculative forces have exaggerated sterling movements and suggest the fundamentals of the UK economy are sound – and likely to benefit from the... read more

 
11 October 2016 in Business, Views: 34
Source: Daily Mail
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