uk pound rate

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…


Invoke Article 50 now demonstration

What impact will the invocation of Article 50 have on the Sterling?

Theresa May just stated that Article 50 is going to be activated on Wednesday, March 29, 2017. The belief amongst a lot of people is that the Sterling’s value will fall immediately after invocation. However, I do not believe that that’s true. The market generally moves on rumors and facts. In my opinion, the invocation of Article 50 has already been factored into the current levels. Since we already know that Article 50 is about to be triggered and we already have a date, then it won’t come as a shock when it happens. While the market reacts quite badly…