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By Aidan Meikle

Morning everybody,

I keep getting asked by my clients about the ‘W shaped’ or ‘double dip’ recession at the moment .  It is a bit of a new theory and something that the press have got hold of in recent weeks.  The idea is based on the economy recovering a little, then hitting another down turn, before making a longer term recovery.

It’s really difficult at the moment to predict if or when we may see this downturn, but if we do then we may well see some volatility on the market.  I’d be keen to hear other people’s views and thought on another smaller down turn?  I know there’s a lot of speculation about the housing market (as always) and that could be something that helps/hinders recovery for us in the UK.

Let me know your thoughts!

By Aidan Meikle

The pound is doing well against most currencies today.  There was some positive house price data out overnight… that helped to start and then the IMF said the world economy is now recovering.  Put the two together and you’ve got a bit of a spike for the pound!  How long it will last is hard to tell, we’ve seen some really volatile trading over the last few days with swings (movement from high to low of the day) of well over a  percent. It looks like timing is key at present.

Aidan Meikle

By Aidan Meikle

Well it has since been the budget report of 2009 and subsequently sterling has dropped like the proverbial stone. (more…)

By Aidan Meikle

Pound loses ground in morning trading. (more…)

By Aidan Meikle

Is this the end? (more…)