UK Inflation at 3 ½ year lows, UK unemployment at 4 year lows and the currency is at 3-year highs. In fact, the pound is posting is best 7-month period since the 17% posted in March-October 2009, when global markets were ignited by joint BoE-Fed quantitative easing to the benefit of risk currencies such as GBP. Lower inflation usually implies a weaker currency, but in the case of the UK, the steady decrease in CPI has occurred in tandem with the sharpest decline in unemployment since the late 1990s.
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After Theresa May
Now that PM Theresa May has announced stepping down from the Conservative Party leadership as of June 7, the ongoing political chaos will shift temporarily from striking a deal on the Withdrawal...