Tag: Pound Sterling

Pound Sterling Shows Signs of Recovery Amid Brexit Confusion

Times have been very tough for the pound Sterling ever since the Brexit vote results came in. After months of struggles and downward trends it looks like things may slowly turn around. This week has been rather positive across the trading platforms, indicating a significant change compared to March of 2016. With a 2.5% gain against the US Dollar this week, the Pound Sterling shows signs of recovery. The Pound …
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Brexit Causes UK Consumers To Pay 22% More For Microsoft Enterprise Products

As if the falling GBP value was not worrisome enough, Microsoft decided to increase the pricing of their enterprise products for all UK customers. In some cases this results in prices being 22% higher than they had been before. The company wants to do this as a way to “adjust to the falling pound”. These are just some of the major Brexit repercussions to come, though. More Expensive Microsoft Enterprise …
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IHS Markit Refutes Claims The UK Economy Is Improving

The European Central Bank’s Mario Draghi stated yesterday how the shockwaves caused by the Brexit were “contained.” Apparently, he is the only one who is feeling that way, as new data from IHS Markit paints an entirely different picture. In fact, their research goes as far as calling the plunge a “dramatic deterioration in the economy.” UK Economy Has Slumped Beyond What Most People Anticipated Depending on whom you pose …
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Bank of England Considers Rates Cut To Thwart Recession Threat

Although it is still too early to tell, it appears as if the Bank of England will cut its rates as of tomorrow. This move should alleviate some concerns regarding a recession, as well as restore some confidence in the markets. For the time being, the BoE needs more stimulus, as the British economy would face significant repercussions otherwise. Bank of England Will Respond To Economic Developments It has not …
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