In the harsh and unforgiving world of global financing, confidence remains vital. Markets will quickly seize on any sign of vulnerability and push a currency sharply weaker. Governments must retain authority and its also crucial not to attract unwanted attention in the form data which suggests that policies are failing. With a hugely over-leveraged banking sector, excessive private-sector debt and a huge structural budget deficit, the UK economy and Sterling remain extremely vulnerable to a loss of confidence. A supportive global environment, decisive leadership and luck were needed for the economic policies to ... (full story)