The Pound Has A Spring In its Step
This weekâs quote is from Lord Northcliffe âNews is what somebody somewhere wants to suppress; all the rest is advertising.â What Is In The News? The UK economy continues to defy the âdoom-mongersâ. The Bank of England (BoE) reported that 43,536 mortgages were approved in February, up from 39,647 in January. It’s also well above […]
The Weakest Link!
In a speech to the House of Commons in 1948, Winston Churchill said, âThose that fail to learn from history are doomed to repeat itâ. Karl Marx, the âfather of Communismâ in 1852 said, âHistory repeats itself, first as a tragedy, second as a farceâ. Bear Stearns, a US based global investment bank, was valued […]
Watch Out For Budget Day
An interesting start to the month just got more interesting despite all the âdoom and gloomâ from the main-stream media as the Pound gained over 1% in value against the Euro and over 1.5% against the US Dollar in the last 3 days. Against the Aussie Dollar, the Pound has hit its highest level since […]
One Year On…
Introduction So much has happened in the news in the last 12 months. But for me, Putin invading the Ukraine on the 24th February 2022 is a sobering anniversary! Pound Sterling News The UK narrowly avoided slipping into a recession in the second half of 2022. For the whole year, the UK economy grew by […]
The Pound Is At A February High
The Pound Sterling News The first half of February saw the Pound drop to a 4-month low against the Euro on the 5th February, a 4-week low against the US Dollar on the 7th February and its lowest level against the Aussie Dollar on the 2nd February since last September before recovering to register a February high against […]
Itâs All About Interest Rates
Time flies. One minute weâre all celebrating the festive season and the new year and then in a flash (or at least that is how it feels to me) the first month of 2023 is all but over. This week promises to provide a very lively end to January and an even livelier start to […]
The Value Of The Pound Against Its Main Competitors
It’s been a nervy start to 2023 for the Pound Sterling. In the first fortnight of the year, the Pound rose by 1.3% against the Euro. In the first 9 days of the year before falling right back to where it started. Against the US Dollar, the Pound has fared better. In the first 5 […]
2022 – What A Year!
I have worked through some momentous changes since starting out in the City of London in 1985 including Chernobyl; the fall of the Berlin Wall; Mandelaâs release from prison; the Gulf War; German reunification; the collapse of the Soviet Union; the dot.com crash; 9/11; 7/7; the collapse of Lehman Brothers and subsequent credit crunch; the […]
Oh My! Where Are Interest Rates Going?
As we approach mid-month, we ask ourselves ‘where are interest rates going?’ The Pound is up over 4.5% since the September low when on the 26th it hit its lowest level since January 2021 but is level pegging from this time last year against the Euro. Against the US Dollar, the Pound is still over […]
The Pound Is Doing Well…
All Things Considered; the Pound is doing rather well. The Pound enters the last week of November at: – It’s All About Perspective Given where we are economically in the UK with the Bank of England warning the UK is facing its longest recession on record at two years which could nearly knock 3% off […]