Sterling: on the up
Article Abstract:
Salomon Brothers' Michael Saunders sees a number of factors as likely to push up the value of pound sterling. Export growth is above average, and a rise in the pound's value does not appear to have hit manufacturing industry. The pound dropped in value from 1992 to 1995 due to concerns about political risk and economic problems which are receding. The pound looks set to rise as these concerns diminish and this will mean that there will be less need to increase interest rates.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Sterling: pound positive
Article Abstract:
NatWest Markets sees a possible continued rise for pound sterling in relationto the German mark. Relatively high UK interest rates and a relaxed view toward the appreciation of the pound should be attractive to foreign investors. The pound is undervalued in relation to the German mark despite having risen, so UK competitiveness should not be affected. Over the longer term the pound may not perform so well because of concern over inflation in 1997.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
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