Sovereign. Quid. Sterling. Pound. No matter the name, past or present, the pound has been the United Kingdom currency since Anglo-Saxon times. Yet the coin used today has only been around since 1983. And this year, the Royal Mint will release two new versions of the coin.
As Europe’s major economies focus on belt-tightening, they are following the path of Ireland. But the once thriving nation is struggling, with no sign of a rapid turnaround in sight. The NYT reports.
Even with the best global economic conditions, a balanced equity portfolio that excludes banks is unlikely to yield much more than 6 percent in annualized gains, according to some market experts.
Guess what? The funniest thing happened in Europe on Thursday. A new country joined (yes, joined) the euro zone. And the mood here was upbeat. Estonia will begin using the euro on Jan. 1.
If you’re hoping for great bank earnings, don’t hold your breath. We’re hearing estimates are on their way down - and we mean way down.
In our continuing Trader Icon series, we take an in-depth look at George Soros, the man some say saved the British from the euro.
For years, almost nobody paid attention to the sky-is-falling alarms of Edward Hugh, a gregarious British blogger and self-taught economist who repeatedly predicted that the euro zone could not survive. The NYT reports.
For now, the US is the biggest beneficiary of the global financial crisis as its sovereign debt is a perceived safe haven. However, the US is running budget deficits on the scale of Greece and issuing massive amounts of new debt.
If the European Central Bank has one monetary dragon it considers essential to slay, it is inflation.
American industries of all kinds—from travel and telecom to construction and energy—would be poised to profit if the 52-year trade embargo with Cuba were lifted. Among the first businesses to cash in would be those involved with tourism, most experts agree.
The latest stock selloff has really been a readjustment on forecasts of global economic growth.
A new government is formed in Europe and problems ensue. They check the books from the outgoing administration and discover things are worse than they knew. If this sounds familiar, it should as this is what happened in Greece. It is now occurring in the United Kingdom.
Britain’s new prime minister, David Cameron, will have to contend with the demands of his own Conservative Party as well as those of his Liberal Democratic partners, the New York Times reports.
Plus, the Mad Money host reacts to rising gold prices.
The UK election just got a lot more interesting in a big negative way for the British pound.
The pound is not yet significantly reacting to the coalition talks, but this may change if negotiations go on long enough.
Even with rioters on the streets of Athens and the 16 countries using the euro threatened with mounting turmoil, the economy remained the most frequently — and least candidly — discussed topic in the UK as the three main parties entered the last hours of a monthlong general election campaign.
Almost a fifth of voters switched allegiances as a result of the televised leaders' debates, according to a poll. That could set up the UK for a hung parliament.
With government deficits in Britain second in Europe only to those in Greece, whoever wins Thursday’s general election will be forced to make deep and unpopular cuts, the New York Times reports.
Simon Cowell, the man who made millions from being the front man of American Idol and the X-Factor, has intervened in the UK election race just 24 hours before Britain goes to the polls.