Category: Currency

Pressure on the Pound (£) continues as FX markets slump

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 o... Read more

Falling pound (£) adds costs for imports

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 Fede... Read more