Loans and Finance

Loans and Finance

Text

News and information about loans, money, debt, finance and business issues.

Friday, June 05, 2009

Nature Abhors a Vacuum

Unsurprisingly the current political turmoil his hitting the economy. The pound slid 1% against the dollar to $1.6022, a one-week low, while the pound hit a two-week low against the euro of 1.1277 euros.

Nature abhors a vacuum, and until the political situation is brought into some semblance of control KPI's such as the exchange rate will be savaged by the markets.

On a brighter note, well done to Alistair Darling for clinging on to his job as Chancellor.

As to whether is this is a sign of his strength, or the Prime Minister's weakness, is another matter.

1 comment:

  1. Do you think all your worries would end once you pass away from this mortal world? All our lives, we strive to attain financial freedom…for you and most especially for your family.

    ReplyDelete