For those who may have missed it, the currency made a new five-year high in the last week:
It remains to be seen whether exports will continue be strong enough to sustain the improvement in the U.K.'s trade balance:
Tuesday, July 1, 2014
GBP Update
As we pointed out a few months ago (here), the British Pound moved into overvalued territory on a purchasing power parity basis versus the U.S. Dollar for the first time in five years:
For those who may have missed it, the currency made a new five-year high in the last week:
It remains to be seen whether exports will continue be strong enough to sustain the improvement in the U.K.'s trade balance:
For those who may have missed it, the currency made a new five-year high in the last week:
It remains to be seen whether exports will continue be strong enough to sustain the improvement in the U.K.'s trade balance:
