Pound to be renamed the Yo-Yo while UK continues to have Conservative government

No – not really.

But the comparison with a toy that bounces up and down according to the actions of its custodian is useful, considering the woeful effect on the UK’s currency whenever certain Tory politicians open their mouths.

Obviously the pound plummeted when it was revealed that more Britons had voted to leave the European than remain in it.

Then Theresa May became prime minister and Sterling took a tumble whenever she made a speech.

Now the infection has spread to Philip Hammond.

Thankfully, our currency regained at least a little of its value after all of these… incidents, let’s call them.

In seriousness, it is an indication of market jitters over Brexit – the effect of which remains a mystery, and a dangerous liability for the economy and the well-being of everybody in the United Kingdom.

But This Writer believes it has as much to do with the failed government of the Conservative Party under Theresa May and her lieutenants, including Mr Hammond.

The pound briefly fell against a slew of currencies on Wednesday, after the Office for Budget Responsibility slashed its growth forecast.

Sterling initially slipped by around 0.2 per cent against both the euro and the US dollar. It also fell against other major global currencies, including the Swiss franc and Japan’s yen, but was trading higher again by the end of the day.

The pound has endured a turbulent ride since June 2016’s Brexit vote. Even though it has stabilised somewhat in recent months, it remains around 10 per cent lower against the dollar since the referendum and around 13 per cent lower against the Euro.

In the longer term, analysts are cautious about forecasting a sustainable recovery for the currency – especially considering the stubborn uncertainty over what Brexit will eventually look like.

Source: Sterling falls after UK economic growth forecast is slashed

Vox Political needs your help!
If you want to support this site
but don’t want to give your money to advertisers)
you can make a one-off donation here:

Donate Button with Credit Cards

Here are four ways to be sure you’re among the first to know what’s going on.

1) Register with us by clicking on ‘Subscribe’ (in the left margin). You can then receive notifications of every new article that is posted here.

2) Follow VP on Twitter @VoxPolitical

3) Like the Facebook page at https://www.facebook.com/VoxPolitical/

Join the Vox Political Facebook page.

4) You could even make Vox Political your homepage at http://voxpoliticalonline.com

And do share with your family and friends – so they don’t miss out!

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Buy Vox Political books so we can continue
fighting for the facts.

The Livingstone Presumption is now available
in either print or eBook format here:

HWG PrintHWG eBook

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:


3 thoughts on “Pound to be renamed the Yo-Yo while UK continues to have Conservative government

  1. Wanda Lozinska

    As far as I remember, yo-yos go up as well as down. The £ is more like a big dipper, which mainly goes down.

  2. damo

    the thing about the torys any torys all torys is even aftet they have f..ked it all up and were all sitting in the economic rubble they will still come out with the same self deluded gibberish claimeing brexit a succes lol i temember this tory guy i met couple years ago gave it the benefit of the doubt very toxic person got sent packing in the end….just like all other tories completely self deluded …deranged

Comments are closed.