The exchange rate is right so let's all go on holiday
Article Abstract:
It is widely assumed that the present rate of sterling, which has recently returned to its old ERM range, must be wrong. If this is the case, then the UK economy is set to enter a period of decline, although this may take some time to begin. In the near future, the economy will remain strong, assisted by the strong dollar and the high interest rates needed to keep domestic growth under control. However, it could also be argued that the current rate of sterling is not wrong. If this is the case, then the UK's economic prospects seem much more positive.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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Relax and enjoy yourself - it's probably good for the economy
Article Abstract:
It is possible to argue that the high level of domestic consumption in the UK is having a positive impact on the country's economy. Indeed, strong domestic consumption has placed the UK economy in a much stronger position than those of many continental European countries. High levels of consumer confidence have served to reduce unemployment, while declining unemployment has in turn served to further boost consumer confidence. It can also be argued that it is better to rely on domestic consumption than on exports to boost demand.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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Why a strong pound is the most likely outcome in the medium-term
Article Abstract:
It is possible to argue that the pound is not particularly overvalued at present. Indeed, some observers anticipate that it could rise to $1.75 and DM3.30. However, the pound will only remain strong if the current account deficit remains at a level where it can be readily financed. A strong pound will create structural problems, including disparities between London and the South-East and the rest of the UK, but adjusting to these problems will ultimately benefit the economy.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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