Maybe It's Time To Go With Equities

Yes, the pound sterling is in very bad shape nowadays. With a 16 per cent drop to its 30-year-lowest of $1.28, the UK is facing huge rivalry against the EU and US. Given the UK's troubled economic situation due to the Brexit, it is entirely possible the UK could level down.

But once again, corporate stocks defy the odds.

According to official figures, the benchmark index of top UK stocks had defied expectations as it soars to its highest levels.

However, the UK is still bound to get a 'hard Brexit' according to Ayondo Markets Chief Trader 

Jordan Hiscott. He also said the Bank of England's cutting of interest rates had the pound less attractive to foreign investors.

British exporters and Britain's tourism industry is praising the lowered pound sterling as foreign markets are purchasing their products and services. More tourists from other countries have been purchasing pound sterling upon entry into the country, improving the industry's current outlook.

But for Britons planning trips abroad or even purchasing properties abroad, it would mean big trouble.

According to Mr Hiscott:

“It will make your holiday more expensive, particularly to Europe or the US, as sterling has fallen hardest against those currencies.”

I guess the best equities would be in the tourism industry. Indeed, now is the time to invest. From here, we can strengthen the economy once again.