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Investors Less Attractive for Sterling Pound

February 24, 2016 5:56 pm
  • Investors less attractive for sterling pound due to the major weakness in recent time period and further chances of downward impact.
  • The biggest opportunity due weak pound for exporters getting pound cheaper and British goods cheaper by trades and also best for tourists.
  • Furthermore, cheaper pound imports more expensive.
  • Important for economics that weak demand consumers and businesses for imports, major impact on trade balance of country.
  • Annual trade of Britain’s £229bn with the EU, so the more bad impact for future expectations.
  • Dollar already strong against euro, may be FED raise interest rates in 2016.
  • Confidence of US economy is stronger than eurozone.
  • ECB and the Bank of England policies shows the dovish tunes on interest rate rises.

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