The latter part of the essay deals with some measures that the bank of England could adopt so as to be able to resolve the particular problem that the United Kingdom is facing due to its weak currency.
The value of the currency is important for any country because it determines, as Vlaar (2007) states, the position of the country in the world market. The exchange rate (the ratio between the local and foreign currencies) takes into account the present value of the currency of a particular country and ascertains the differences with respect to other currencies. This comparison is necessary because this way the effect of the exchange rates on the import and the export growth can be studied. Exchange rates are a critical determinant of the success of countries in terms of economic development. The impacts of the exchange rate on the Gross Domestic Products (GDP) are far reaching and so it is pertinent to study the values of currencies with respect to other currencies.
In this paper, I would focus on the current value of sterling, the currency of the United Kingdom, and compare it to the values of the other major currencies thereby determining its strengths and weaknesses. For the purpose of research I have analyzed a few literature reviews.
From the study of the value of sterling in the past two to three years one fact that is quite evident is that the value of sterling has been falling continuously. Although there have been minor deviances from the overall downward trend, for instance the value of the pound sterling rose by one penny against the Euro in February 2009, the value of pound has fallen by 16% with respect to the American Dollar and by 21% with respect to the Euro since early 2008, as Hyde (2010) states. There was a point in September 2009 according to Steiner et al. (2009) when the value of the sterling was even less than 1 €. The rate at which the sterling was exchanged to the Euro was just 0.99.
The falling ...
Cite this document
(“The current strengths and weaknesses of sterling Essay”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/397006-the-current-strengths-and-weaknesses-of-sterling
(The Current Strengths and Weaknesses of Sterling Essay)
“The Current Strengths and Weaknesses of Sterling Essay”, n.d. https://studentshare.net/miscellaneous/397006-the-current-strengths-and-weaknesses-of-sterling.
Facebook is currently the most popular and used social networking website by people all around the world. The innumerable social networking features and functionalities that Facebook currently provides to its users determine the strengths, weaknesses at some points and reasons for it to become a huge success.
It continues to set the standard for motor cars in the industry. This paper identifies the strengths and weaknesses of Rolls Royce based on its various financial ratios. In order to do this, first the financial ratios of the company are analysed. Financial Ratios Profitability Ratios Gross Profit Margin (%) Operating Profit Margin (%) Net Profit Margin (Before Tax) (%) Net Profit Margin (After Tax) (%) Return on Ordinary Shareholder Funds (%) 2010 19.85 10.19 6.33 4.90 13.66 2009 20.27 11.27 28.39 21.29 58.62 2008 19.50 9.41 -20.83 -14.81 -52.70 2007 19.26 6.91 9.86 8.07 16.96 2006 22.76 9.67 19.44 13.89 36.57 Financial Gearing Ratios Gearing Ratio (%) Interest Cover Ratio 2010 82.55 1.28 20
When the number of users increases they also need to increase number of computers. In many cases, organizations need to process a large amount of data entered by different users simultaneously. In this scenario, the implementation of a network becomes essential.
Strengths and Weaknesses of Personality Tests People have been interested in examining and understanding the make-up of human personality through human history. Through the last century, there have been many systematic attempts to study personality and personality differences that have been based on different theoretical structures (Wiggins, 2005).
The conclusion from this study states that the dark side of Hamlet’s personality is lack of gentleness and consideration. Killing Polonius speaks both of Hamlet’s bravery and lack of consideration as he later gets to know that he has killed the wrong person and still does not repent. Overall, Hamlet is a good person who would not mess up with others until he is really required to do so.
Viral marketing exploits the established social networks between people by encouraging customers to share product experience and information with friends. It is important for marketers to understand the context in which viral marketing works and the qualities of products for which it is most effective.
Structured occurrence: One of the main highlights of English orthography is that its pattern is highly structured. The patterning can be stated as highly impressive, considering that it is derived from only twenty-six alphabets and approximately fifty sounds.
Shell leverages its portfolio in high growth markets and thus selected for China since it is the fastest growing consumer lubricants market in the world. Shell is today faced with the challenge of supplying the world’s growing demand for energy in
3). It creates an environment for proper communication since employees are related in terms of job within departments and this enhances coordination. According to Das (2012), it has a hierarchy structure that creates accountability and privileges where
Many changes came up as due to the ideology of progressivism, but not all American people reaped from the developments. Despite some citizens in the country not enjoying the new esteemed reforms, progressivism was a significant gain in America’s
2 Pages(500 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic The current strengths and weaknesses of sterling for FREE!