http://econ.st/1OeZRPn
Currency volatility is always something to be concerned about. For the last several years between the recession and the subsequent recovery, stability has seemed like a far distant dream. According to this article, the pound will continue to increase in volitility over the summer. What surprised me is that the volitility is estimated to be above where it was during the Scottish referendum, which means that the situation feels quite serious indeed.
1 comment:
Part of this is probably the fact that the General Election will produce a mess just about any way you cut it, with balance of power being thrust, most likely, into the disparate parties of the Lib Dems, SNP, and maybe even UKIP. Either major party forming a coalition will be highly unstable, and the nation faces further possibilities of a referendum, either on national independence or 'UK Independence' from the EU. With both Labor and the Conservatives likely to gain about 280/326 seats each, the government will be highly difficult to maneuver.
Post a Comment