Sterling heads for a fall as political upheaval looms
A hard Brexit followed by a hard-left Labour government is an increasingly likely prospect that would lead to significant capital flight
Last March, this column argued that sterling exchange rates were severely undervalued and that in all likelihood sterling would appreciate following a deal between the EU and Britain.
When the withdrawal agreement was announced in early April, sterling rallied and EUR/GBP moved to levels of around 0.86. Sterling was set to rally across the board once the British parliament voted to pass the withdrawal agreement. We all know what has happened in the interim.
Theresa...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
Private rental sector remains strong despite Covid-19
Demand continues to outstrip supply in both residential and PRS markets, while developers adapt new build designs to take the pandemic into account
How the programme for government will shape housing
Several strategic changes offer an opportunity for positive reform of planning and development
Comment: US must defuse Covid-19’s ticking time bomb of debt
The United States cannot defeat the pandemic like a military foe but it can learn from looking back at its post-war economic recovery
Comment: The recovery will be more U than V-shaped
Vaccine or no vaccine, the economic consequences of the Covid-19 pandemic are likely to linger well into 2021
