Stormy August Draws To A Close

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As August and another bank holiday comes to a close we can all reflect on what has been a turbulent month. The US suffered a historic downgrade following what can only be described as a shambolic period of uncertainty surrounding a potential default on debt. The UK was hit by riots and our economy came under further pressure as both unemployment and inflation continued to climb. Less surprisingly the duo of Merkel and Sarkozy failed to calm markets during what was a ‘beat around the bush’ announcement regarding future plans for the eurozone. So, given that there was little bullish news, what does September have in store for us? One suspects more of the same: Sterling remains a dead duck, the euro continues to over perform and the US Dollar teeters on the brink.

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Stormy August Draws To A Close

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