British Pound vs US Dollar (UK) Chancellor Osborne: GBP currency decline has not helped the export sector as much as hoped - testimony to Parliament
- Should not rely on Sterling currency depreciation to boost exports
- UK economy showing more broad-based recovery.
- European markets are starting to pick up again after being 'flat on their back'
- Have to remain vigilant on household debt levels, even as household assets are rising faster than debt.
**Reminder: On Dec 23rd Trade Min Livingston stated that Britain needed to help medium-sized companies to export more if it sought to double its target to £1.0T by 2020