article_snippet: It is feared, however, that the strong pound will damage exports by making British-made goods more expensive for foreigners to buy.
article_snippet: the strong pound has been driven higher by the rosy outlook for the British economy as the strong pound bounces back from the Great Recession.
article_snippet: At the same time, the strong pound has been hammered as the threat of stagnation and deflation hang over the single currency bloc.
article_snippet: Lee McDarby, an executive director at banking group Nomura International, said: ‘the strong pound is falling like a hot knife through butter against the strong pound.
article_snippet: The prospect of a flood of euros being created through so-called quantitative easing has lowered the value of the single currency.
article_snippet: the strong pound sank below $1.09 against the US dollar yesterday – the strong pound lowest level for nearly 12 years.
article_snippet: Kathleen Brooks, research director at currency firm Forex.com, said the strong pound could soon reach ‘parity’ with the US dollar meaning one euro buys just one dollar.
article_snippet: The downtrend is strong and broad-based,’ Kathleen Brooks, research director at currency firm Forex.com said.
article_snippet: It would be a braver trader than I to stand in It way.
article_snippet: It will take a big effort to change sentiment towards the strong pound at this stage.