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Special Report: European Business Summit to highlight skills shortage
The European Commission carefully welcomed news yesterday (16 May) that the International Criminal Court had sought arrest warrants for Libyan leader Muammar Gaddafi, his son Saif Al-Islam and intelligence chief Abdullah Senussi.

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France in ‘crisis situation’ as drought deepens
The European Commission carefully welcomed news yesterday (16 May) that the International Criminal Court had sought arrest warrants for Libyan leader Muammar Gaddafi, his son Saif Al-Islam and intelligence chief Abdullah Senussi.

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Global Foreign Exchange Market
THE euro/US dollar opened below the 1.4100 level at the start of the week’s trade on fears that the shocking arrest of International Monetary Fund chief Dominique Strauss-Kahn could delay the bailout negotiations for Greece.

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i’m sure a lot of factors, for example how well the economy is doing, employment rate, etc. it is still baffling to me, however, because the uk sterling is worth so much more than the us dollar…almost double. on a very general level, i dont think englands economy is doing that much better than the u.s. economy, am i wrong? certainly not double in whatever formula has been contrived. someone help me out.

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I live in the US and I often buy CDs (Compact Discs, not certificates of deposit) from the UK. For the past year so A USD was worth about .5 GBP, or even a little less. I assumed this was because of the state of the economy. The economy, however, is seemingly worse then ever, yet the USD seems to be worth about .6 GBP. Will it continue in this direction? That would be phenomenal I hate paying upwards of 20 bucks for a single CD!

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Can someone please explain to me the affects on the UK economy, businesses and importing and exporting, from how the pound plunges to new low against the euro?

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I’m going to the USA this summer (june) for about 2 and a half months.

The best rate I could find at the moment was about $1.44 for every £1.

In the current economic climate, is it better to exchange my money now, or do you think I should wait till closer to summer time, in case the economy (and therefore the exchange rate) picks up?

Would appreciate any justification to answers.

Thanks very much.

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I have an Audi A4 2.0 TDI which i purchased on a finance package. Can i part exchange the audi and take a new finance deal with the car of my choice…? can i swap finance deals?

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In conjunction with investment returns, currency exchange continues to concern many expats with UK Pensions and QROPS.  
Continuing our daily look at factors affecting currencies allows some insight into market conditions affecting exchange rates. Cash and income timing for UK Pensions and QROPS should be considered to maximise the Pension, QROPS and investment income and benefits taken.
Yesterday saw another fairly grim day for sterling as pressure caused by the uncertain fiscal situation weighed on the pound.
With the newly formed government yet to confirm a strategy to try and resolve the economic situation in the UK, the pound has suffered over the recently especially against the dollar, as investors avert from sterling investments and opt for the safe haven of the dollar.
However sterling made some initial gains after inflation data showed a rise to a 17- month high in April. The Office for National Statistics consumer price figure showed a 3.7% increase, up 0.3% from March’s figure, which increased the chances of an earlier than expected interest rate increase. After this data sterling briefly touched $1.4522 against the dollar, and â?¬1.1761 against the euro.
These gains were extremely short lived as the figures increased concerns that the potential for more monetary tightening combined with the imminent fiscal tightening could disrupt the economy’s recovery. Sterling quickly fell against the dollar, eventually touching a day low of $1.4367 and â?¬1.1618 against the euro.
“April’s UK consumer prices will fuel fears that the MPC might have to raise interest rates to quash price pressures just when the fiscal squeeze is about to hit the economy too,” said Jonathan Loynes, chief European economist at Capital Economics.
BoE governor Mervyn King does however expect to see CPI fall considerably in the next two years, this comes after King was recently made to write a letter to the Chancellor to explain why inflation remained above the government’s 3% target.
Next week the new coalition government are set to highlight the £6 billions of spending cuts which were discussed on Monday. The main worry is that the fiscal cuts on the horizon may stun the growth of the UK economy.
Finance minister George Osborne will announce his first budget on 22nd June, his main aim for the government is to use the spending cuts to reduce the UK’s borrowing. This could provide support for sterling and provide a positive outlook for the medium to long term appreciation, but at the moment the uncertainty of the policies which are going to be put into place are weighing on sterling
Gerard Associates Ltd advises expats and people considering living abroad on the options available for Pensions, QROPS and investments in a clear format allowing all customers to make an informed choice. Our service encompasses Pensions, investments, currency exchange and guidance on taxation in most popular â??sunnier’ climates.   This with the reassurance and security of UK authorised and regulated advice.

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Product Description
This digital document is an article from National Institute Economic Review, published by National Institute of Economic and Social Research on January 1, 2005. The length of the article is 7228 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: The sterling effective exchange rate and other measures of UK competitiveness.(The UK Economy)
Author: Ray Barrell
Publication: National Institute Economic Review (Refereed)
Date: January 1, 2005
Publisher: National Institute of Economic and Social Research
Issue: 191 Page: 54(10)

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The sterling effective exchange rate and other measures of UK competitiveness.: An article from: National Institute Economic Review

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Product Description
This digital document is an article from National Institute Economic Review, published by National Institute of Economic and Social Research on August 1, 1992. The length of the article is 6014 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The fundamental equilibrium exchange rate (FEER) is the value of the real exchange rate consistent with macroeconomic equilibrium. Calculation of the FEER of UK’s economy is studied in relation to three macroeconomic paradigms, including models of Her Majesty’s Treasury, the National Institute of Economic and Social Research and the Bank of England. Results show that there is a similarity in the key elasticities of the different models as indicated by high degree of cross-model agreements. The results also imply a decrease of UK’s FEER, signifying a widening of the gap between actual and equilibrium value when inflation in UK is above other countries’.

Citation Details
Title: Properties of the fundamental equilibrium exchange rate in models of the UK economy.
Author: Keith B. Church
Publication: National Institute Economic Review (Refereed)
Date: August 1, 1992
Publisher: National Institute of Economic and Social Research
Issue: n141 Page: p62(9)

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Properties of the fundamental equilibrium exchange rate in models of the UK economy.: An article from: National Institute Economic Review

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