After last week’s election, the pound fell against the euro and the dollar. But not by as much as many expected. Dominic Frisby looks at where it might go next.
How to invest during the monetary endgame was the theme of this year’s MoneyWeek Conference in London. John Stepek sums up the debate.
Whether you think the falling pound is good or bad, it proves you need to take control of your finance now more than ever, says Merryn Somerset Webb.
Ever since Donald Trump’s candidacy began to look inevitable this spring, the Mexican peso has been hit hard, losing around 15% against the greenback.
Well-known currency strategist and hedge fund manager Stephen Jen believes the UK will perform very well outside the EU.
The Bank of England’s failure to raise interest rates gave the pound a fillip. But with the race to the bottom still on, it faces stiff competition from the rest of the world’s currencies.
China’s renminbi, or yuan, has slid by more than 6% in trade-weighted terms this year, and has also kept falling against the dollar.
The falling value of the pound will boost Britain’s competitiveness, says Andrew Van Sickle. But don’t expect a huge new upswing in the economy just yet.
Since the EU referendum result, the pound has fallen. But a weaker currency is exactly what the Bank of England wants, says John Stepek. Here’s why.
The Nigerian government has bowed to the inevitable and scrapped its currency peg to the US dollar.
Ethereum, a “decentralised, bulletproof” computing system based on the blockchain, has suffered a $53m theft. But oddly, says Mischa Frankl Duval, that could prove a stroke of good fortune.