Food & Drink2 mins ago
The Pound After Brexit
7 Answers
can you see it rise again in near future ? what is likely to happen , obviously i do not know as does anyone but whats the most likely scenario.
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No idea. The pound has fallen incredibly low lately, but it's clearly not settled yet. Briefly, as the interest rate freeze was being announced or about to be, the pound rose something like 2.5 cents against the dollar in 30 seconds and then lost another cent back in the next 30. Currently it's heading a little up again, but it isn't settled and, with plenty of news about the economic effects of Brexit to come, can change a great deal yet before all this is over.
I suspect that we've probably seen the lowest the pound is going for the next few months. With Theresa May as PM, the actual start of Brexit is likely to be delayed for a couple of months, giving markets time to calm down a little.
On the other hand, Donald Trump might be elected President in November. I don't think the markets will react well to that one...
I suspect that we've probably seen the lowest the pound is going for the next few months. With Theresa May as PM, the actual start of Brexit is likely to be delayed for a couple of months, giving markets time to calm down a little.
On the other hand, Donald Trump might be elected President in November. I don't think the markets will react well to that one...
Exchange rates go up and down. We have the referendum out of the way but all the actual change is still to come. It'll probably settle where it is for some time yet then. When the investors are confident that the UK remained a good investment and they just over-reacted (apart from the bear investors) then demand rises and the £ goes back up.
I think much of it is simply a desire for one's own currency to be strong and worth more than other's currency. Change is always a bit of a pain as some folk find things harder and others easier, but if imports are dearer in sterling, buy British; exports will be having a 'field day' bringing wealth into the country.
I think much of it is simply a desire for one's own currency to be strong and worth more than other's currency. Change is always a bit of a pain as some folk find things harder and others easier, but if imports are dearer in sterling, buy British; exports will be having a 'field day' bringing wealth into the country.
Agree with CaC. Currency markets are highly unstable and fall at a whisper.
OH's house in France is on the market and a low pound makes it more attractive to buyers. Low pound has many positive effects. I suspect we have seen the lowest it will go outside of terrorist attacks or complete governmental incompetence (a distinct possibility). Anyone want a house - going cheap now??
OH's house in France is on the market and a low pound makes it more attractive to buyers. Low pound has many positive effects. I suspect we have seen the lowest it will go outside of terrorist attacks or complete governmental incompetence (a distinct possibility). Anyone want a house - going cheap now??
Well the IMF in all their knowledge and wisdom were predicting all sorts of doom and gloom leading up to Brexit, in an effort to scare us...well lo and behold theyre now predicting the UK to have the strongest growth in the region in the coming future
The IMF forecast growth for this year and next year:
UK - 1.7% / 1.3% .
Germany - 1.6% / 1.2%
France - 1.5% / 1.2%
Italy - 0.9% / 1%
I imagine the £ will do fine...its all down to the barrow boy traders and how they react to rumours
The IMF forecast growth for this year and next year:
UK - 1.7% / 1.3% .
Germany - 1.6% / 1.2%
France - 1.5% / 1.2%
Italy - 0.9% / 1%
I imagine the £ will do fine...its all down to the barrow boy traders and how they react to rumours
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