Having fallen against the US Dollar since Q2 2022, the Pound has recently touched fresh highs against both the Euro, US Dollar and many other global trading currencies, raising the question; will the Pound continue to rise from its October lows, when it flirted with Euro and Dollar parity, thanks to ex-PM Liz Truss. The UK’s currency, in reality, has …
The weakening pound creates winners and losers in international trade, with UK exporters, manufacturers and popular brands looking cheap to overseas buyers, while importers face higher input costs, which adds to the UK’s inflationary cycle. Despite the pound rising to $1.14 – after falling to $1.03 last week – its highest level for two weeks, …
Sterling’s sensitivity to global stock markets has it struggling against the Euro and Dollar and stabilisation in global market conditions, to stop the continued August falls, is unlikely in the short term, it is predicted. The Pound slumped sharply against both currencies as fears of further interest rate rises in the United Stated have been stoked by …
Rapidly rising inflation, the cost of living crisis, plunging consumer confidence and rapidly cooling business activity have contributed to the pound sterling’s fall to new lows, which has effectively added a further 5% inflation to the cost of imported goods. The Bank of England and US Federal Reserve are both facing strong labour markets adding …