020 7898 0500The pound had another positive run against the dollar yesterday and actually pushed through the $1.4000 mark at one point before falling back. It remains to be seen what will happen throughout the rest of the week, but breaching that psychological barrier could prove significant. Sterling also strengthened against the euro to post a pretty impressive day all told.
Meanwhile, the World Economic Forum launched a new measure of national economic performance as an alternative to GDP. Named the inclusive development index, the measure focuses on living standards and future-proofing of a country’s economy. The UK is 21st on the list which isn’t great, but the US is 23rd. Of course, it’s not gospel, but still interesting to note.
Today we have the public sector net borrowing figure for December and tomorrow we have unemployment figures. However, Friday is the main highlight, where we will see the GDP growth rate for the fourth quarter of 2017.
