Our monthly economic review is intended to provide background to recent developments in investment markets as well as to give an indication of how some key issues could impact in the future.It is not intended that individual investment decisions should be taken based on this information; we are always ready to discuss your individual requirements. We hope you will find this review to be of interest.
WEAKER STERLING DOES HAVE AN UPSIDE: Ever since the inflation that followed Prime Minister Harold Wilson’s claim that the 1967 devaluation would not affect the pound in their pocket, the British public has perceived a weakened currency as a bad thing. Agreed, it makes foreign holidays and many imports costlier, but it also has an upside.
Recent data has highlighted the way in which sterling’s loss of value against the euro, US dollar, etc. after last year’s Brexit vote helped some industries, especially those that export goods or services. Blue-chip companies with high overseas earnings nudged the FTSE100 up into the 7,000-7,500 range within six months of the referendum result.
Download this month’sEconomic Review Aug 17 for this and more stories including:
- ECONOMIC REVIEWOF AUGUST 2017 INTEREST RATE SAGA CONTINUES
- MEASURING INFLATION: ONE SIZE WILL NEVER FIT ALL
- JOBLESS RATE SHRINKS, BUT SO DOES REAL PAY