Top U.K. Financial Concern: Pound Sterling Exchange Rate

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An investigation of billions of online searches in the UK over the previous year shows that their top financial concern is the exchange rate.

Data by Yahoo distributed on Thursday reveals that the most searched terms are “Exchange rates”, “The Budget”, “house prices”, “student finance” and “mortgage rates”.

The pound has fallen more than 10% against the dollar since the UK voted to leave the EU last June. This pushed the inflation to 2.7% in April – the highest since September 2013.
Information from YouGov and the Center for Economics and Business Research (CEBR) published at the end of May demonstrated that buyer certainty had tumbled to its most minimal level since July, largely as a result of concerns around people’s household financial situation.

Yippee said that consumers need assurance on how the government will support them, which was the reason “The Budget” was the second most searched term.

Other terms that made it into the top ten are “car tax”, “universal credit”, “pension changes”, “new £1 coin” and “Lloyds share price”.

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