As a result of last Thursday’s “Brexit” referendum, the British pound suffered two days of intense devaluation, and although it has steadied in the last 24 hours, this week’s chart shows that this has been the sharpest 2-day fall since the era of free-floating currencies began in 1971.
Chart of the Week: Week 25, 2016: UK Government Revenue
Yesterday, the Office for National Statistics released updated figures for the UK government finances in the financial year 2015/16.
Chart of the Week: Week 24, 2016: Global Government Bonds
Government bond yields in most advanced economies reached record lows this week, with ten year German bond yields entering negative territory for the first time ever.
Chart of the Week: Week 23, 2016: Oil Price
The price of a barrel of Brent Crude oil reached an eight month high yesterday, continuing the general trend we’ve seen since the beginning of the year.
June 2016
It is likely that Britain will vote to Remain on the 23rd June, as the weight of vested interests will be supported by the status quo and the natural desire not to rock the boat! The entrepreneurial and adventurous spirit of Britain which has been waning for many years, will take a further beating….
Chart of the Week: Week 22, 2016: Average House Prices
The Land Registry’s data for the first quarter of the year came out recently, showing a 6.5% year-on-year growth rate in nominal prices for England and Wales, while in London, the equivalent rate was 13.8%.