According to many analysts, the end of August marked a turning point for the Pound- with the first 2 quarters of this year pretty much fuelled by Sterling strength, it seems that is now changing with the U.S Dollar now catching a bid again across the board. The reason for this is that the UK economy is not performing well at all, and we are now also seeing a slowdown in the UK housing market, which is usually a strong signal that an economy is weak- with higher interest rates across the board, a pretty steep correction is needed to balance things out again, so far we have seen 5% which is pretty big, it will be ... (full story)