just john Posted January 25, 2011 Share Posted January 25, 2011 The pound continues to weaken against the Euro 1.159 to the pound, is it a deliberate competitive devaluation policy, to boost UK exports and help cut the trade deficit ?http://www.telegraph.co.uk/finance/economics/8280552/UK-economy-shrinks-market-reaction.html Link to comment Share on other sites More sharing options...
Quillan Posted January 25, 2011 Share Posted January 25, 2011 What it means is people either don't have any money to spend or can't borrow any money to spend. If you think of the UK as a bank would you put your savings with them when you can do much better somewhere else. I think that sadly the UK market will continue to shrink for most of 2011 but I am no expert although even they seem to be consistent these days in getting it wrong. [;-)] Link to comment Share on other sites More sharing options...
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