Where will the pound be five years from now? Will it even exist?

Article Abstract:

It is widely accepted that the pound is currently seriously overvalued. However, it seems likely to remain at this level for some time to come, causing significant damage to the economy before it declines. However, a few observers take the opposite view, predicting that the pound will remain at very high levels for a considerable length of time. They feel that the current rate of the pound is sustainable and even beneficial. It is extremely difficult to make a five-year prediction about the value of the pound, especially as the pound may not even exist by then.

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Staying strong is not the weakness it seems

Article Abstract:

It is very likely that the pound will remain at a relatively high level, not least because this situation appeals to most ordinary Britons and therefore boosts the popularity of the government. A high pound is not necessarily damaging to business. It makes exporting more difficult, but domestic demand is likely to be quite high. Companies should identify ways in which an even-stronger pound will bring cost savings and should seek to implement a culture of boosting productivity.

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