Brexit and sterling

Brexit Exerting Intensifying Toll on Sterling

July 29, 2019

The pound fell 1.0% overnight against the dollar and euro. In British domestic trading, the FTSE-100 has jumped 2.0%, while the 10-year gilt yield dropped five basis points. The case of sterling exemplifies the fact that so long as global inflation remains subdued, currency depreciation is more desirable economically and politically than currency appreciation. Against […] More

Sterling and Brexit

May 16, 2016

A referendum to decide whether Great Britain remains in the European Union is scheduled for June 23, just over five weeks away.  Economic experts and other pundits both within the U.K. and in the wider world community widely predict that a verdict to leave the EU would be disastrous both in the immediate term and […] More