Neville Prior

Sterling............Where to Now?

Neville Prior  3 June 2013 09:08:26 AM
With a new Governor at the BoE, some speculation over what will happen. Most likely scenario I have heard, runs thus.............

UK, in common with many of the western economies is facing growth constraints. In order to make the UK more competitive abroad, the BoE will signal that Sterling will be "allowed" to weaken. This will be linked to interest rates remaining low for the foreseeable  future, (a number of years). The result will be higher inflation related to import prices, but growth being accelerated. The likely drop of Sterling is reckoned to be 10 - 15%.
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