Browsing Tag


Sterling in freefall

Sterling has dropped 10 days on the trot, the most in 37 years. What does that tell us? Well, it tells me that people think the BoE will be cutting rates at some point soon. The Pound was over $2.10 in October 2007. Now it trades for…

The Big Mac Index

"The Economist" has developed the Big Mac Index as a way to determine if currencies are overvalued or undervalued. The thought is that a McDonald's Big Mac being pretty much the same everywhere around the world, one should expect the cost…

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