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Podcast: Beyond Currency
Episode: 21 December 2022 - Rate hikes unlikely to save Sterling
Description: The fate of Sterling in 2023 doesn’t rest entirely in the hands of the Bank of England.
Despite further interest rate hikes being made by the Central Bank, Sterling is expected to fall as the economy slips into a recession and possibly sees stagflation as the rate of inflation levels off but fails to fall in any meaningful way.
There have been very few benefits that have been apparent from the country’s decision to leave the European Union, with small and medium businesses still tied up in the red tape that has, if anything, been worsened by the mish mash...