british pound falling coins

The Sterling Pound Weakens

Sterling exchange rates have taken another hit today. It broke through the range that it has been stuck in for the last month. The GBP/EUR exchange rates are nearing the lowest levels they have ever been at since November 8th, when the elections in the U.S. concluded. If you sell currency to buy Pounds, then this may be the time to do it. If you’re looking to buy foreign currency sometime in the future, then you will probably be a bit concerned. This is because of the level of resistance being shown. The markets have listened to David Broadbent, who…

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UK General Elections

Sterling Price Drops following UK Hung Parliament

At 10 pm last night, the Pound took a major hit as exit polls pointed to a hung Parliament. Buying rates for the Euro and Dollar fell by over two cents, and Theresa May’s gamble hasn’t paid off well at all. Fortunately, the losses for Euro and Dollar buyers haven’t continued, and they seem to have leveled out considerably. While that’s great news, there’s no reason to suspect that this is the end. All of the recorded losses occurred prior to European markets being open to trade on the news, which means there might be more to come as mid-morning…

Inflation Grows

Is The Pound Going To Continue Its Selloff Past Recent Gains Due To Inflation Fears?

While unemployment is down in the UK and at a level not seen in 42 years, average wages aren’t doing so hot when matched up against inflation. That is a problem for workers in the UK that are trying to find affordable living in the country’s economic climate. The pound has also been sold off as of late, and this is a result stemming from the news about inflation outpacing wages. Any news like that is going to impact the market, and the economics behind the message is very clear. Since there is an election taking place, the normal approach…

Teresa May called general elecitons

As Theresa May Bids for a Way to Sideline Conservative Brexiteers the Pound Jumps

On the day that British Prime Minister Theresa May called for a snap election, the pound was the highest performing currency in the world.  The announcement for the election was unexpected. May said over and over that she was not looking to make any big moves even though her party made a huge lead in all the polls. It appears, though, that the government feels there will be a big victory in the election that will strengthen the UKs negotiations in the Brexit movement.  According to May, the election has to take place before the European Union takes its own…