The Edge

Richard Northedge takes on corporate finance

Archive for the ‘Currencies’ category

A recession no-one has ever seen before

For the generation of businessmen who have never known a recession it may seem academic that this one is so different from others. But it matters for those hoping to use past experience to cope with this downturn.

What is Governments policy on the pound?

Nevermind whether comments from Conservative shadow chancellor George Osborne can move sterling, who is in charge of looking after Britain’s currency? When the Bank of England was made independent, managing the exchange rate fell through the cracks.

Now a currency crisis as well

As if we didn’t have enough of a financial collapse, the UK is also facing that regular curse of the past – a sterling crisis.

Savers shouldn’t be rewarded for chasing risky Icelandic rewards

What on earth were people thinking of when they put their savings in an Icelandic bank? What on earth is the chancellor doing baling-out those savers?

Lehman’s demise shows Wall Street’s strength

The banking crisis has reached a healthy phase: it is now safe to let a bank go bust. Until now the state has feared one insolvency would cause others.

Stamp Duty: best yet to come

Having demanded a stamp duty holiday, the housing industry ungratefully dismissed the one-year suspension as insignificant. But it’s not the start of the holiday that will make people buy, it will be the end.

$100 oil offset by falling pound

Good news: oil has fallen below $100 again. Bad news: the pound is down as well, meaning much of the gain on fuel costs will be missed by UK manufacturers.