News » UK Pound Struggles, Even with Budget Surplus in BritainUK Pound Struggles, Even with Budget Surplus in Britain Focus on digits on UK pound notesUK pound is struggling today, even with the announcement that Britain saw its biggest budget surplus in four years during January. The news is being met with calls for more government spending to stimulate the economy, but George Osborne is holding steady, and insisting that more austerity is needed. Also pressuring the pound against the US dollar is the fact that equities in Europe are still struggling. Even though US stock futures are turning higher, there is still some uncertainty in other equity markets and that is holding the pound back a little.
Posted on: 20 Feb, 2012 22:00 |