Snowballing of the Pound

The pound is on the receiving end of some frantic ‘snowballing’ action in the currency exchange market.  Investors are widely selling the currency as the United Kingdom sits surrounded by concerns over the political situation.

With the Conservatives now just 2 points ahead of the Labour party, a hung parliament is even more of a risk.  A hung parliament is one where no political party is in a clear majority, making it harder to process policies and take action.

Given the already severely problematic nature of the country’s deficit, a hung parliament couldn’t come at a worse time – if it does come.  Right now, a quick and clear plan to solve the deficit needs to be put into place.

Oveall, investors are not exactly falling over themselves to get involved in Britain right now and in the short term the pound doesn’t look set to grow much.

Advertisements
Explore posts in the same categories: Economy, Finance, News Articles, Topical

Tags: , ,

You can comment below, or link to this permanent URL from your own site.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: