Pound Sterling rises as Sunak expected to be third Prime Minister in a matter...
The pound has started off the week on the front foot against all major currencies, following another weekend of political twists and turns for the UK.
As we headed towards the end of an eventful week, news broke that ex Prime Minister Boris Johnson was heading back from a Caribbean holiday to have a crack at regaining his position at number 10, something that seemed a million miles away only a few weeks ago.
As most readers will know, the UK is full of surprises at...
Pound Sterling Weakness – Why Is The Pound Dropping So Much?
Sterling exchange rates have taken a huge hit over the course of the days trading, as the new chancellor Kwasi Kwateng's mini-budget appears to have knocked the pound totally out of fashion.
The pound has lost over 350bps against the Dollar sitting in the 1.08 territory, whilst dropping to 1.12 against the Euro and hitting the lowest level against the Swiss Franc since 1974 sitting in the 1.06s.
There is now talk of an intervention and whether HMT will make an attempt late on Sunday night...
Pound Sterling losses continue as cost of living crisis dominates headlines – New Prime...
Sterling exchange rates have continues to drift to kick start a new trading week, as the cost of living crisis dominates headlines across UK media.
With today being an important day for UK politics as we see the announcement of the winner in the Conservative party leadership contest, and ultimately who will be the new Prime Minister, they will almost instantaneously have to announce how they plan to combat what appears to be an extremely challenging winter for the majority of households and businesses.
It is...
