UK Economics

UK Economics Weekly

19 January, 2018

Will the strong pound snuff out the net trade boost?

The recent rise in the pound against the dollar to almost $1.40, its highest level since the eve of the EU referendum, raises some concerns that a valuable source of support to economic growth – namely the boost from net trade – could soon be snuffed out. However, there are several reasons to remain optimistic about the prospects for net trade.

For a start, the pound has essentially moved sideways on a trade-weighted basis, with a rise in the dollar partly offset by a fall against the euro

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