Decline and fall
Article Abstract:
Pound sterling is forecast to drop by 10% in 1998 and by an additional 3.5% in 1999. This fall will still leave United Kingdom manufacturing exporters with problems. The UK could enter European monetary union (EMU) with the pound at 15% above the level sought by manufacturers. EMU will bring more emphasis on competitive pricing. Dresdner Kleinwort Benson is thus cautious about stock price forecasts for UK manufacturing companies, which could be affected by structural changes.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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UK: be prepared
Article Abstract:
Pound sterling could be strengthened by the election of the UK Labor party, according to HSBC Markets. The party has changed its policies and seeks to control government spending and inflation. The condition of the UK economy should favor a strong pound, and the currency is undervalued. Labor may help strengthen the pound through a commitment to European monetary union. A Labor government may have to reduce interest rates to prevent the pound from rising by too much.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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It cannot last
Article Abstract:
Pound sterling has risen in value from May 1996 to Jul 1996, and may continue to perform well but could falter over the medium term, argues NatWest Markets. UK inflation is subdued and there is less concern over political risk following a visit by Tony Blair to the US. Political risk could re-emerge as a concern, and the UK balance of trade could be affected by strong demand for imports. This would affect UK government securities and pound sterling.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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