Sterling could perform better
The sterling might do better if the TFP performs well in the upcoming years.
The sterling might do better if the TFP performs well in the upcoming years.
Sterling could be the big bounce-back trade after new PM Sunak and new Chancellor Hunt are trying to clear up the mess.
Following the UK government's announcement of unfunded tax cuts, the value of the pound against the dollar plunged to a historic low.
The British pound's value versus the US dollar hit an all-time low. Many people thought that the sterling crisis of the 1970s would recur.
Sterling (GBP) has not had a great year so far, but it could still get a lot worse.
It is just over six years since the UK public voted to leave the EU. But rather than getting better it seems that each anniversary marks a new low.
Sterling has been under particular pressure since the Bank of England warned last week that the economy could be sinking into a stagflationary quagmire. If that’s not...