Pantheon Macroeconomics - Sterling's shaky performance so far this year-- the trade-weighted index currently is 3% below its end-2019 level and was down 8% at the peak of the mid-March market frenzy--raises the question of whether a renewed depreciation would have a better
chance of boosting GDP growth than last time.

U.K. | 29 Apr 2020 Would a Depreciation of Sterling be Stimulative this Time?
Sterling's shaky performance so far this year-- the trade-weighted index currently is 3% below its end-2019 level and was down 8% at the peak of the mid-March market frenzy--raises the question of whether a renewed depreciation would have a better chance of boosting GDP growth than last time.

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29 Apr 2020 Would a Depreciation of Sterling be Stimulative this Time?

By Samuel Tombs

Sterling's shaky performance so far this year-- the trade-weighted index currently is 3% below its end-2019 level and was down 8% at the peak of the mid-March market frenzy--raises the question of whether a renewed depreciation would have a better chance of boosting GDP growth than last time.

Posted: 29th Apr 2020 in 'U.K.'

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