Qualified advisers answering your
Financial Questions
call 0800 092 1245

UK currency under pressure

Last week was a bad week for the UK currency with sterling falling by 2.4 cents to just over $1.50 to the pound. Despite the fact that the UK economy appeared to be heading out of recession towards the end of 2009 many people are starting to turn negative regarding the short to medium term outlook. Indeed over the last two weeks we have seen members of the Bank of England's monetary policy committee airing their concerns in public which has alerted currency traders.

There are a number of issues coming together to create this negative environment at the moment which include a lack of liquidity in the mortgage market and concern about the UK government's budget deficit. Whether Gordon Brown is holding back on plans for budget cuts in the future or he really believes that investment, investment, investment into the UK will boost the economy in the medium to longer term remains to be seen. However, investors in the stock market and worldwide money markets are growing more and more concerned about the perilous state of the UK finances and the lack of action over the last few months.

Will Gordon Brown be able to keep his plans under wraps or will his hand be forced by the investment markets?

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details