• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home News

This is what happened to the pound during Philip Hammond Budget speech

Few politicians would proclaim to have magical powers, but today Philip Hammond seemed to develop the ability to make currencies drop on every word he says. Delivering a crucial Budget to parliament the pound plummeted as he rifled through a raft of shaky economic indicators. He acknowledged that the economic outlook for the country is […]

Jack Peat by Jack Peat
2017-11-22 13:32
in News, Politics
FacebookTwitterLinkedinEmailWhatsapp

Few politicians would proclaim to have magical powers, but today Philip Hammond seemed to develop the ability to make currencies drop on every word he says.

Delivering a crucial Budget to parliament the pound plummeted as he rifled through a raft of shaky economic indicators.

He acknowledged that the economic outlook for the country is deteriorating, setting growth forecasts under 2 per cent for the next five years.

He then announced that he will put aside an extra £3 billion to prepare for all possible Brexit outcomes.

As he spoke the pound tumbled on the currency markets in a move that has been described by some people on Twitter as being in correspondence with their “will to live”.

This graph unveils all:

Pound falls while Philip Hammond delivers #Budget2017 in Parliament https://t.co/Kmpvif6YQe pic.twitter.com/DImx6XXEZW

— Bloomberg Brexit (@Brexit) November 22, 2017

RelatedPosts

FBI raid Donald Trump’s Florida home

Meet the Tory members who get to choose the next prime minister

Nicola Sturgeon calls for urgent meeting with PM over cost-of-living crisis

13,000 migrants have crossed Channel since Rwanda plan announced, figures show

MORE :

https://www.thelondoneconomic.com/property/chancellor-scraps-stamp-duty-first-time-buyers/22/11/

https://www.thelondoneconomic.com/news/on-eve-of-budget-this-letter-outlines-harsh-realities-of-squeezed-britain-to-phillip-hammond/22/11/

https://www.thelondoneconomic.com/news/politics/tories-strip-right-equality-eu-withdrawal-bill/22/11/

https://www.thelondoneconomic.com/news/lets-see-hammond-will-defend-figures/16/11/

https://www.thelondoneconomic.com/news/politics/revealed-theresa-may-rely-coaching-tory-mps-shout-corbyn-pmqs-stand-looking-supportive/22/11/

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Weather forecast, alerts and UVB index for London, Friday 12 February 2021

‘Using war as a smokescreen’: Johnson jets off to Ukraine hours after Sue Gray report findings released

Reactions as Johnson ‘worried about money’ & if he ‘can afford a nanny’ as Patel to send migrants back

“It’s about giving something to the community”

Businesswoman inspired by Eastenders single-handedly keeps food bank stocked for weeks

What cost of living crisis? Sunak makes Times Rich List as Brexiter Dyson’s wealth swells

Greta: ‘Completely unethical’ for rich nations to vaccinate young instead of helping poor countries

Funeral of England, Stoke City & Leicester City legend Gordon Banks who died aged 81

Poet laureate Simon Armitage pens elegy to Duke of Edinburgh

The end of the Barbican: Historic buildings to be demolished

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.