U.K Unemployment hits worst levels in 17 years
by Daniel Wright on Nov.16, 2011, under Economic data, Predictions, Sterling strength, Sterling weakness
This morning saw the release of U.K unemployment and it once again highlighted what I said yesterday…..
All the hype and news surrounding the Eurozone is indeed helping people forget that the U.K economy is certainly not in great shape and we have plenty of problems to deal with here ourselves, let alone having to throw money into assistance for other failing European economies .
Sterling rates have dropped against most major currencies in trading this morning, and just to round off the morning we have Mervyn King releasing his quarterly inflation report – Over the past few years the pattern seems to have been the Pound gaining value over a short period of time, all looking rosy and then before you know it something coming out to knock us straight back down again, and Mervyn King usually has his say in that talking down the economy at every opportunity!
Could lead to an interesting end to the week for sure, if you have a transfer to carry out and wish to know what is happening and why, and want to secure a much better rate of exchange than your bank or current broker, contact me today djw@currencies.co.uk
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November 16th, 2011 on 2:00 pm
Yep, it’s not looking good. I plotted instances of civil unrest on the Misery Index a few days ago, we seem to be at an inflection point where peaceful protest devolves into violence. See it here:
http://smallmodcons.blogspot.com/2011/11/uk-misery-index-suggests-more-unrest-to.html
November 16th, 2011 on 4:53 pm
Hi,
I found this information really interesting and have posted it on the site – with credit to you….I hope you do not mind, It may promote your site as I currently get over 20,000 unique visitors a month at present.
May I ask your name?
Dan