Sterling's strength undermines UK rebalancing July 13 2014, 0 Comments

The extent to which an export recovery can help the UK economy rebalance in the short term is in doubt following latest trade figures released by the ONS this week. Rebalancing has occupied centre stage in recent months as the UK looks to shake off its over-reliance on private and public debt. The two pillars of rebalancing – private investment and exports – have both weakened in recent months