Sterlings chances of a merry Christmas frozen out following large amounts of snow in the U.K

The U.K ground to a halt over the weekend with airports being closed, motorways shut and thousands stranded all over the country as snow battered pretty much the whole country.

Our biggest airport Heathrow is as good as closed down at present and those who decided on doing their Christmas shopping on the last week before Christmas may have found it particuarly difficult to even leave their homes.

This can only be seen as negative for the Pound and indeeed the U.K economy as potentially one of the niggest weekends of the year for retailers produced next to nothing, it is reportedly costing the U.K £1Billion per day and certainly isn’t helping our economic recovery!

Personally I can see Sterling finding it very difficult to really gain much momentum during this cold snap, which is predicted to go on for some time.

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