It’s all going on in the UK

LAST UPDATED: 13 May, 2015 @ 17:23
0
SHARE
It’s all going on in the UK

AS we begin the gradual lead up to the general election – scheduled for May next year – even party politics, jostling, sniping and even defecting MP’s cannot unsettle sterling.

Lower mortgage approvals were reported this Monday, which perhaps signals a housing market that is cooling off.

However, since 2008 we have only seen the pound reach above the dizzying heights of €1.28 twice and it has been settled above that bar for a few days now.

With the geo-political distractions in Iraq and Syria, we are now often seeing quite tame markets, especially with the outcomes being so difficult to gauge.

There is also a little-known code of conduct on the city trading floors (shocking, I know) by which many traders will not seek a commercial gain from such events as air strikes or natural disasters. Most do have scruples you know, although it is a well-kept secret!

The market is not expecting any great change this month. Again it will be about any stimulus programmes announced to get the European consumers spending.

Subscribe: Olive Press news to your inbox

BE THE FIRST TO COMMENT...

The Olive Press are not responsible and do not moderate individual comments before they are posted. Anyone who uses racist, sexist, homophobic or xenophobic language or hate speech will be blocked.

HAVE YOUR SAY...