larus
Well-known member
I am genuinely surprised by the sudden bounce back of the £. I really do not see what has changed so dramatically to cause it but I welcome it all the same.
Let me enlighten you.
1. The unemployment rate is quite low (and no, ths is not part-time nor zero-hours contracts).. This is mainly full-time jobs being created. Compare this to the wonderful EU. Greece, Spain, Portual, France, Italy.
2. Due to the success and health of the U.K. economy (God forbid, we're meant to be destitute after voting for BREXIT), the BoE is expected to raise interest rates, Peversely, this will just remove the unneeded cut which Mark 'Talk Out Of My Arse" Carney implemented soon after the vote. And, as was clearly proven by subsequent economic statistics, this was not needed.