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February Gold News 2019


Households £1,500 worse off since EU Referendum

Households £1,500 worse off since EU Referendum

British households are £1,500 worse off since the decision to leave the European Union was announced, according to one leading thinktank.

The Resolution Foundation, an independent UK thinktank which specialises in the standard of living, has today published statistics showing that households are roughly £600 per year worse off as a result of the subsequent economic uncertainty in the past two and a half years.

Pound falls further as UK manufacturing slump risks recession

Pound falls further as UK manufacturing slump risks recession

The Pound has fallen back below $1.31 today following the latest manufacturing figures from IHS Markit. The 0.3% drop against the Dollar was accompanied by a 0.5% drop against the Euro, with Sterling now at €1.1399.

Sterling fell earlier this week following the results of Tuesday's Brexit voting in Parliament, with the Prime Minister voting against her own deal in order to press for fresh negotiations with EU leaders.

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