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Gold In GBP Up 43% YTD - "Massive Twin Deficits" To Impact UK Assets

Gold in GBP has risen another 3.5% in the last 3 trading days as the British pound continues to be "pounded" on international markets. Gold in GBP terms is now 43% higher year to date and has risen from £716/oz on January 1st to £1024/oz today. Sterling is now the worst performing major currency in 2016 and gold the best. Gold in GBP (10 Years) The pound has completed its worst four day performance since Brexit and the pound remains considerably weaker versus the dollar, euro and gold since the Conservative Party conference, when Theresa May promised to trigger article 50 within six months.
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