Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Bank charges: Sterling on the rise

The value of sterling has risen for the last three days against the dollar.

After having fallen to a two and a half year low against the dollar, the value of sterling began to recover following an interview with the Governor for the Bank of England (BoE).

Sir Mervyn King said in an interview that he thought the pound was now valued properly and that it should not fall further. Previously he had said that BoE had hoped for a weaker currency in order encourage more exports.

The pound had been falling against the dollar due to a downturn in the UK’s domestic economy. This was not helped by the fact that the UK recently lost its AAA credit rating when the agency Moody’s downgraded it to AA1.

As the domestic economy has yet to recover and BoE considers more quantative easing, analysts suspect that the pound may fall further.

Charles Baker

Charles is a reputed financial analyst with decades of experience under his belt.ADNFCR-2776-ID-801557089-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide