By Carl Hasty, Director of Smart Currency Business
Recent surveys have shown the value of a weak Sterling in aiding British manufacturers and exporters to increase their orders, with rising orders and revenue combined with a gradual increase in focus on emerging markets as a means of combating poor European demand. It begs the question of why export growth is not leading to meaningful growth in the broader economy.
Despite rising exports, the UK economy as a whole continues to splutter, with key indicators showing little real improvement — save for the one-off boost from the Olympics last year.
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