Then GBP / USD to 1.3000 ............ ?
The balance of payments - speech by Martin Weale
In a speech delivered at the Warwick Economics Summit 2013, Martin Weale – External Member of the Monetary Policy Committee (MPC) – reviews two issues. First, what has happened to exports and imports in the aftermath of the 2007/08 depreciation? And secondly, what has happened to other components of the balance of payments, in particular investment income? He then provides some conclusions on how far the current account of the balance of payments is, in its present condition, sustainable. Martin Weale begins by looking at a range of data on export and import flows, unit values and relative costs. Weale says that the data indicates that ... (full story)
- Posted: Feb 16, 2013 11:27am
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