Jump to content
  • 0

UK Inflation and GBP


Guest Sam Bouman
 Share

Question

1 answer to this question

Recommended Posts

  • 0

Inflation is a sustained general increase in the price level of goods and services and the fall of
the purchasing value of money.

When the general price level rises, each unit of currency buys fewer goods and services and determines the purchasing power of individuals. In the current economic climate, the UK has currently reached more than a three year low, which overall can raise the pressure on the Bank of England to cut interest rates.

And, with inflation falling in the UK this has caused the pound to slip as traders start to price in an interest rate cut.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. To reply to this question, sign in or create a new account.

Guest
Reply to this question

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...