2028
Pound Overvalued 10-15%
World Economy

Pound Overvalued 10-15%

Business Secretary Vince Cable said Britain’s economic growth is being hampered by stalled exports, partly as a result of the high value of sterling. “Arguably, the pound is overvalued by 10 to 15 percent on a trade-weighted basis,” Cable told a side meeting Sunday at his Liberal Democrat party’s annual conference in Glasgow, Scotland. “This feeds back into monetary policy. It is a significant problem that we can’t directly address.” Cable’s comments echo those of Bank of England Deputy Governor Ben Broadbent, who said in an interview in July that it’s “quite possible” the pound is 10 percent overvalued and its strength may have a long-lasting impact on inflation.

 

Short URL : http://goo.gl/UZWuot

You can also read ...

Transnational organized crime is involved in all forms of illicit trade, from human trafficking networks and tobacco smuggling, to trade of counterfeit goods.
Illicit trade in any of its forms—tobacco, pharmaceuticals,...
The vast majority of US businesses are pass-throughs, including those owned by President Donald Trump.
The US' Congressional Budget Office warned earlier this month...
Curing existing patients also decreases the number of carriers able to transmit the virus to new patients.
Goldman Sachs has outdone itself this time. That’s saying a...
The accumulation of bankruptcy cases means that  it sometimes takes about six months just to get  a new insolvency case admitted to court.
India’s revamped bankruptcy process is in full swing and...
Finland’s Nordea Bank Predicts Growth to Stagnate After 2020
Finnish economic growth is set to keep its strong path this...
Argentina Gets 32 Road Project Bids
Argentina says it received 32 bids for six road projects...
Swiss Investor Confidence Weakest Since Late 2016
Switzerland’s investor confidence deteriorated further in...
South Africa CCI at All Time High
Consumer confidence in South Africa touched an all-time high...

Trending

Googleplus