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What will happen to the UK currency in the short to medium term?

As the UK economy is officially in recession there are serious concerns about the future direction of the UK currency. As UK national continues to move higher and higher, with some experts suggesting it will end up anywhere between £1 trillion and £3 trillion, domestic and overseas investors seem set to shun the UK for the foreseeable future. It has also been revealed that an influential select committee of MPs have suggested that the Treasury needs to clarify the potential liabilities for the UK taxpayer with regards to various rescue plans and fiscal stimulus packages.

The problem which investors have at the moment is the fact that the UK Treasury is not willing or not able to clarify the maximum liability which UK taxpayers have taken on. Speculation continues to mount that debt will end up anywhere between £1 trillion and £3 trillion when in truth nobody really knows. There is even speculation that the UK government is not able to clarify the exact liability which it has taken on because in many instances it is an unknown entity.

Until there is some clarification regarding the potential liability for the UK taxpayer, it would appear both economy and the stock market will continue to suffer.

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