Since the vote to leave the European Union the value of the pound has fallen dramatically with some options traders speculating it may reach parity with the dollar by the end of the year.
The fall has been taken by many to be an indication of the economic damage Brexit may cause to the UK economy. But rewind to ten months ago and the consensus among analysts seemed to be that the pound was actually rather overvalued, hurting Britain's competitiveness. So is a fall in the value of sterling such a bad thing after all?
Robert Van Egghen takes a look.
As the Bank of England investigates what caused the sudden "flash crash" of Sterling on Friday, plunging 6% in value in two minutes, many are pointing fingers to algorithmic traders.
These so-called robotic automated systems have been on the rise - and now there are concerns surrounding oversight, and how to stop these crashes happening again.
Matt Cox spoke to Ken Odeluga, a Market Analyst at City Index to find out more about algorithmic traders.
A week is a long time in politics - UKIP; Fracking protesters; and the pound all got a pummeling, didn't they? Welcome to the This is Money podcast, produced in partnership with NS&I. This week, Share Radio’s Georgie Frost is joined by Editor Simon Lambert and journalist Ellie Lawrie to take a look at the week’s biggest financial stories. And we start with the speech. Which speech? Don’t be silly. Theresa May capped off the Conservative Party conference with an entreaty for the Tories to be the Peoples Party, but more importantly for our purposes, the PM gave some strong signals of protectionism and increased toughness on Business. Energy, pensions, transport – few sectors escaped her view. And we’re in no doubt about a Hard Brexit now, so how are May and Chancellor Hammond going to navigate this one? To further complicate matters is a near-perfect negative correlation between a plunging Sterling and a soaring FTSE. What are we to make of this?
We’ll also be admonishing you to get your affairs in order, that is write a will. Few things ruin a family quicker than money, and family disputes over inheritances are on the rise in this country. We want to make sure your estate is dealt with in the way you intend, without breaking up the home. We’ll also be looking at ways of spending a windfall, the hyper-hyper-inflation of the new £5 note, and … you hear that? The carols are here early, and it’s time for a look-ahead to the toys on every kids’ Christmas list this year. (Sorry, but you really ought to get started early this year, they’re not cheap).
This is Money is presented by Georgie Frost, in partnership with NS&I.
Georgie Frost is joined by Share Radio's senior analyst Ed Bowsher. Today they discuss the falling price of sterling as it reaches a 31 year low as well as the news of a new round of strikes from Southern Rail. Plus the growing popularity of a shift towards a cashless society. All these stories and more on The News Review.
Georgie Frost is joined in the studio by Kevin Pratt, web editor at MoneySuperMarket.com. Today they discuss today's ruling on fracking as well as the Bank of England's latest admission it was too pessimistic about the impact of the Brexit referendum vote. Plus the news alcohol is now so cheap it's possible to buy 13 pints for the price of a cinema ticket. All these stories and more on The News Review.
The International Monetary Fund has defended the grim warnings it made about the potential impact of the UK voting to leave the EU, with its chief economist saying it would have been “malpractice” not to have considered worst-case scenarios. The comments came after the fund nudged up its 2016 growth forecast for the UK but cut the 2017 forecast once again. Jeremy Cook, Chief Economist at World First, joined Share Radio to offer his view on the forecasts.
Georgie Frost is joined by private client solicitor Angharad Lynn from Veale Wabrough Vizards. Today they discuss flexible working hours and which groups have access to them as well as the risks faced by the thousands of pensioners who have withdrawn cash lump sums from their pensions. Plus why network providers are urging those in areas with weak signal to opt out of their contracts. All these stories and more on The News Review.
There's been a catalogue of initial public offerings this autumn, and now mobile phone network O2 is hoping to sell shares to millions of ordinary investors in the first major retail offering in three years. Chris Justham, Relationship Manager at 7 Investment Management, discussed why it's happening.
Sue Dougan is joined in the studio by Jo Faith, editor of YourMoney.com. Today they discuss calls for more rental homes to be built as well as the news more than a third of young people would prefer to save into a Lifetime ISA than a pension. Plus why people are increasingly turning to alternative therapies for their pets. All these stories and more on The News Review.
Georgie Frost is joined by Hannah Maundrell, editor of money.co.uk. Today they discuss Philip Hammond's speech today at the Conservative Party conference in Birmingham plus news of planned strikes on Virgin Trains East Coast over job cuts. Plus would you pay £17.50 for the chance to jump airport security queues? All these stories and more on The News Review.