Pantheon Macroeconomics - June's trade figures yesterday highlighted that it takes more than just a few months for exchange rate depreciations to boost GDP growth. The trade-weighted sterling index dropped by 9% between November and June as the risk of Brexit loomed large and the prospect of imminent increases in interest rates receded.

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10 August. 2016 Trade Data Show Depreciations Take Time to Boost Growth

By Samuel Tombs

June's trade figures yesterday highlighted that it takes more than just a few months for exchange rate depreciations to boost GDP growth. The trade-weighted sterling index dropped by 9% between November and June as the risk of Brexit loomed large and the prospect of imminent increases in interest rates receded.

Posted: 10th Aug 2016 in 'UK Documents'

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