Cityunslicker has been a bit busy moving house the past few days. Nonetheless even the lack of internet and television has not hidden the rather sudden collapse in the Pound from me.
For some reason the newspapers are saying that this is all due to the chance of a hung Parliamnet; what they really mean is if Labour get back in the markets will turn a big thumbs down to the UK. Ken Clarke Speaks the Truth.
Also they are very wary about the lack of a real budget date being announced (see more on a later post). This makes the market sorry that the Government is going to try and avoid any painful public discussions.
So what can you do to protect yourself from the fall in the Pound and to judge the coming few months?
Well, here are some suggestions.
Firstly, the key dates are the election and the budget. if labour are doing well then the Pound is toast for both of these, it is probably toast for a budget anyway as Labour will not announce any real spending cuts a few weeks before an election. On the plus side, the end of April will see what analysts think are positive growth numbers for Q1 and so that should bounce the Pound.
So where are we in currency terrms? Here are a few graphs: