The greenback has taken a pounding in 2020, but it’s about to make a comeback.
A supermarket in Caracas, Venezuela, in August 2018. The prospect of prices doubling every hour encourages those who can afford it to horde. Hence the empty shelves and shortages.
Venezuela’s hyperinflation has been caused by an inept public policy of printing more money and private individuals making the most of differences between official and unofficial exchange rates.
Bitcoin has been on a downward ride over the last year, steadily trading below US$4,000. It could get worse.
London’s financial district at night.
The London Interbank Offered Rates is one of the world’s key financial tools, but the 2008 rigging scandal has led to calls for its being phased out. Can we find better ways of building the LIBOR rate?
Talk of banks leaving London completely for other European cities is just that – talk.
All the talk about a golden time for UK exporters forgets one crucial point.