The currency market may see ups and downs, but the new government in the UK will prevent a panic like the one we witnessed in the middle to end of September.
It is going to be a long way back for sterling to recapture the lost ground because policymakers’ credibility has been shot to pieces.
Nobody seems to believe in the UK government’s view that it can get growth to 2.5% and keep it there.
This seems to be the motto of the new Liz Truss-led UK government. It’s hardly surprising.
There’s little doubt that the pound could prove vulnerable once again if trade continues to slump and global investment flows stall.
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.
It still looks very likely that the UK economy will fall into recession, or at least experience a period of extremely weak growth, despite the government’s GBP15bn...
The UK economy has performed relatively poorly compared to its peers but not because of Covid. It probably explains why sterling has not been able to recapture the...
The UK is not alone in suffering supply-chain difficulties, but it is in the worst position than many, and part of this is down to Brexit.
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