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

Access this publication and more, take our free trial subscription today.

Free Trial

Already a subscriber? Simply log in to view this article.

Save to Library

New Book

Making a Success of Brexit
and Reforming the EU

by Roger Bootle

"Outstanding - engaging - absorbing"
Daily Telegraph

Buy now on Amazon
We use cookies to ensure you get the best experience on our website. Read our Cookie Policy for more information.