Anonymous
Anonymous asked in Yahoo ProductsYahoo Finance · 4 months ago

Is the Pound Sterling likely to increase any further this month?

Or can we expect it to perhaps fall even further in value?

9 Answers

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  • 4 months ago

    Much depends on how the markets view our likelihood to leave the EU.

  • Who
    Lv 7
    4 months ago

    Its gonna go up and down , what happens with brexit will determine which direction it goes afterwards

    MY prediction is that if brexit is a no deal then it will plummet

    Maybe 1£ getting to less value than 1$

    and THAT means every single thing you buy is gonna cost more (aint you noticed prices increasing over the past few months?

  • 4 months ago

    i'm usually an optimist in every respect but i can't foresee any benefits that might set the pound back on an upward trend over the rest of this year. i think it will take a general election and yet another coalition result and even that's unlikely to do it unless we refuse to allow the traditional those in opposition are there to oppose the other regardless.

  • 4 months ago

    The closer we get to a 'no deal' Brexit, the further it will fall. However, when, like Chicken Licken, the markets discover that the sky doesn't fall after Brexit, it will make a very slow recovery, depending on how chaotic the UK remains in its new status.

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  • 4 months ago

    its in the doldrums right now, it may fall further, its great for poeple visiting the Uk, not so good for Brits going abroad unless they are going to places like turkey

  • gerald
    Lv 7
    4 months ago

    its great being down our stuff is cheaper to buy the fact we have a trade deficit and buy more than we sell well lets not think about that, it was the same in the 1980s when the Tories stirred relations with Europe up the pound went really low and mortgages hit the roof just another ditty to cheer you up with ,3 million out of work Brits working in Germany like immigrants builders IRONIC OR WHAT

  • Biff
    Lv 6
    4 months ago

    It might recover from the shock of Michael Gove saying the government is 'operating on assumption' of no deal but it would only take one of Boris Johnson's cabinet or that serial liar Dominic Cummings repeating something similar to send it down again. I wonder how many of those people whose foreign holiday will cost a lot more voted Leave?

    • Dayton JC4PM
      Lv 7
      4 months agoReport

      I imagine Leave voters were less likely to have foreign holiday(s). It's a price worth paying though, and it stops our money flowing abroad and cuts pollution

  • Anonymous
    4 months ago

    A fall in the the Pound will make UK exports even more competitive internationally which will reduce unemployment therefore reducing the pool of frustrated street thugs that Labour rely on to intimidate their political opponents.

    • Biff
      Lv 6
      4 months agoReport

      The "street thugs" who intimidate their political openents are people like James Goddard, not Labour supporters.

  • Anonymous
    4 months ago

    Nope...........................................

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