Politics UK
Why the Pound is Having a (Surprisingly) Good 2023
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After the pound collapsed under Liz Truss, most forecasted economic doom and gloom for the UK before Sunak’s arrival and, since then, the pound’s value has continued to rise. So in this video, we break down the three reasons behind this recent GBP rally.
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1 – https://tradingeconomics.com/united-kingdom/government-bond-yield
2 – https://www.bbc.co.uk/news/business-63030208
3 – https://www.bloomberg.com/news/articles/2022-09-23/the-uk-is-really-trading-like-an-emerging-market-right-now
4 – https://www.bloomberg.com/news/articles/2022-09-23/summers-warns-pound-may-tumble-past-1-on-naive-uk-policies
5 – https://www.bloomberg.com/news/articles/2023-04-16/britain-s-soaring-pound-is-this-year-s-unlikely-comeback-story
6 – https://www.ft.com/content/1dc057df-2ef0-47fa-bd40-3f5d229b0cff
7 – https://www.ft.com/content/978cfb1d-62c7-4533-9c70-c08259258b22
8 – https://www.bankofengland.co.uk/-/media/boe/files/monetary-policy-summary-and-minutes/2023/monetary-policy-summary-and-minutes-march-2023.pdf
9 – https://www.reuters.com/markets/currencies/sterling-edges-down-ahead-busy-data-week-britain-2023-04-17/
10 – https://www.ft.com/content/bac99024-566e-4025-a818-5076c72de0e7
00:00 Introduction
01:06 What Happened to the Pound?
02:39 Why Has the Pound Rallied?
06:24 What Happens Next?
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As oil drilling moves closer to reality, we explore how it could transform the Falkland Islands’ economy, politics, and long-running sovereignty dispute with Argentina.
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SOURCES
FT Argentina Angered By Prospect of Oil Boom in Falklands
https://www.ft.com/content/ce25f41d-49e2-42e3-956e-dab0de9301e4?syn-25a6b1a6=1
The Times Drilling to go Ahead at Sea Lion Oilfield
https://www.thetimes.com/business/companies-markets/article/drilling-confirmed-sea-lion-oil-field-rockhopper-falklands-5nz8npwpw
The Times Falkland Islands $4bn Oil Bonanza
https://www.thetimes.com/business/economics/article/falkland-islands-4bn-boost-oilfield-go-ahead-6crtkvqzk
Yahoo Finance The Falklands are Turning into a Mini Dubai
https://finance.yahoo.com/economy/articles/falklands-quietly-turning-next-dubai-180437990.html
BBC News Quick Guide: The Falklands Economy
http://news.bbc.co.uk/nol/shared/spl/hi/picture_gallery/07/in_pictures_the_falklands_economy/print.stm
0:00 How the Falklands are Becoming a Petrostate
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The UK government recently released a green paper outlining plans that could fundamentally change the way YouTube works in the UK – favouring public service broadcasters (like the BBC) and potentially killing independent creators (like us).
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Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
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In this video, we’re going to have a look into the Clacton by-election, why the other parties have stood down, what Farage’s plan is, and why it seems like it may have already backfired.
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Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
SOURCES
Telegraph Farage By-Election Gamble Turns to Farce
https://www.telegraph.co.uk/politics/2026/07/07/farage-resigns-but-by-election-gamble-turns-to-farce/
BBC News Farage’s Political Rivals Rule Out Standing in Clacton
https://www.bbc.co.uk/news/articles/cjdg4y3g0z7o
The Guardian Political Rivals Vow to Boycott By-Election
https://www.theguardian.com/politics/2026/jul/07/nigel-farage-quits-as-mp-amid-scrunity-over-finances-clacton-reform
Politics Home Labour and Tories Refuse to Field Candidates
https://www.politicshome.com/news/article/labour-tories-refuse-stand-candidates-clacton-byelection
Politico Badenoch Says Farage Cracking Under the Pressure
https://www.politico.eu/article/kemi-badenoch-nigel-farage-pressure-by-election/
0:00 Nigel Farage vs Count Binface: The Clacton By-Election Explained
6:47 Sponsor
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It seems pretty much a certainty that Andy Burnham will be the next British prime minister. Exactly when it happens depends on a few factors. We outline some of the reasons an early general election is likely.
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Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
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@ranar1036
January 9, 2024 at 8:06 am
You must be drunk or politically biased. The pound is trading at below €1.15 euro and just above $1.20. You believe that this is a success?
@lalalalalala8147
January 9, 2024 at 8:06 am
The Pound is still much weaker than it was before the madness of Brexit. Thank goodness for dual citizenship!
@bubblelight4801
January 9, 2024 at 8:06 am
Marne dena chahiye in choro ki economy ko… lawde gowre log dusro ki pet me lath markar jo niwala china hai khudh se kuch kamaya nahi aisa hi hona chahiye…
@lorik0109
January 9, 2024 at 8:06 am
Bull shit paund is going down it was 1£ 2$ now is going from bad to worse
@marcokite
January 9, 2024 at 8:06 am
The word is 'increase' not 'hike'
@MsNaazish
January 9, 2024 at 8:06 am
And yet regular people see none of the benefit of it rising.
@MoisesDaSilva-fr4pv
January 9, 2024 at 8:06 am
Hi primer minister of England Mr Rishi sunak can you doing something to help mani people home les and no have enough food to eat and some people lost they are jobs can you help can you help all of this thing cause when IM walking out and i see this people situasition i feel not well because everyone is human ben can you, thanks so much respect
@RogerYeahmon
January 9, 2024 at 8:06 am
who the fk are you and how are you qualified to lecture us on the financial markets?
@constantinebogdan9425
January 9, 2024 at 8:06 am
Of course is going up,because inflation and thake from poor people, rich people dont feel that ,or maybe they dont pay tax😅😅😅
@ncchew3356
January 9, 2024 at 8:06 am
No capable leader in UK. Sunak is the best among the worse.
@pippipster6767
January 9, 2024 at 8:06 am
Whose pound ???
Most people are financially
utterly shafted.
@yassine_khaoua
January 9, 2024 at 8:06 am
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly—which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $275k bond/stocck portfolio
@neerajyadav6361
January 9, 2024 at 8:06 am
Dogs n indian not allowed!! Thats karma run by an indian lol i love england but they did many things wrong to india in past
@cynthnyabols3359
January 9, 2024 at 8:06 am
Because the rest of the world is poor. 😞
@gcdhvf4896
January 9, 2024 at 8:06 am
UK 's economy looks good, because so many others are destroying theirs, alot quicker…
The UK cannot borrow from anywhere today and printing beyond the gold standard has been stopped, but the damage is already done… This is the calm before the storm for the UK!
Raising interest rates to control inflation works only to benefit the 'elite dictators' of the Uk… You are finished li'l britons 😂😂😂
@arthurdixon5890
January 9, 2024 at 8:06 am
The public are paying for this!
@reallymakesyouthink
January 9, 2024 at 8:06 am
The pound is strong because interest rates are up. Its not rocket science.
@wjang4327
January 9, 2024 at 8:06 am
Dollar is weak on every currencies this year not just Pounds. If we want to check Pounds becomes strong, we need to compare with Euros.
@bizarre9301
January 9, 2024 at 8:06 am
The data shows how economists are untrustable, at least as bad as Truss.
@johnross2924
January 9, 2024 at 8:06 am
Sunacker is more interested in the pounds in his own bank account, just like most politicians 👹
@lighshui5190
January 9, 2024 at 8:06 am
It happens when a economist run economically ill country.
@magnuswalker7957
January 9, 2024 at 8:06 am
Don't worry a labour government will ensure we go down the tubes as they have always done during my lifetime
@paulwright9749
January 9, 2024 at 8:06 am
Yet my pension scheme is on its arse!
@APK81
January 9, 2024 at 8:06 am
Sunak has actually worked wonders and brought Britain out of the cess pool but the whites don't have face not big enough heart to accept it. Eventually they will vote him out and bring a pink guy back. Be happy in ur cesspool
@IceClawz.
January 9, 2024 at 8:06 am
Despite not being a Tory or labour supporter I did have faith that sunak would somewhat reverse what truss did because he knows what to do when moneys involved.
@canadaone2385
January 9, 2024 at 8:06 am
leave it to the indian guy
@vinecentral8714
January 9, 2024 at 8:06 am
Lost interest when you attributed the mini budget as the cause of the 4x in the bond yield. High levels of inflation caused by extreme expansionary monetary policy during Covid and a war in Ukraine are the reason for the high yielding bonds mate.
@lapis.lazuli.
January 9, 2024 at 8:06 am
The the pound has strengthend because interests rates were increased + tax rates increased. Simply this makes the pound more scarce, the pound was already falling steadily for about 12 months before truss under johnson (by 40%) unnoticed by the public, (the pound fell 15% with truss, this the public noticed) the reason for this is that because our BOE bank rates were too low with respect to USA fed rates.
@funnymakerboy4199
January 9, 2024 at 8:06 am
Sunak need india😂 just dream . Well india central government's was hell.😤 bloody hell. Lots more promise but nothing can do. India economic growing well 😤 bloody hell central bank banned 2000rupees currency (big currency of india).😩 😒 Wtf 😒.
@deepsammanna
January 9, 2024 at 8:06 am
UK must thank Sunak. He might have just saved it from drowning.
@koharumi6461
January 9, 2024 at 8:06 am
Can you care to explain what was this "mini budget" thing is TLDR?
I dont live in uk.
@user-ex7kv5gu8g
January 9, 2024 at 8:06 am
So what I've learned so far from my life (65 years) is, never put women in positions of power. No disrespect whatsoever, just stating the truth👍
@tusharmoharir8434
January 9, 2024 at 8:06 am
It always takes an Indian to fix what the British screw up 😂
@Baby1245
January 9, 2024 at 8:06 am
Good money….The British pound is good money…. It serviced the world in the late 1800s up to the early 1900s… The US Dollar became the favorite after that because of It's involvement in the Marshall plans for Europe and even in the Pacific… Like the Swiss Franc… The British Pound will save a lot of people in Europe and the rest of the world…
@isabellaschopper8988
January 9, 2024 at 8:06 am
It’s a nice Money the pound but it’s only a paper gold is money not paper
@hydra66
January 9, 2024 at 8:06 am
Sunak managed to scapegoat truss and take none of the responsibility. She wouldnt be able to topple the house if it didnt have weak foundations to start with. Dont blame this all on Truss' stint alone
@philipmilner9638
January 9, 2024 at 8:06 am
The pound is having a 'dead cat bounce', when however low something falls it has no where to go but up….
@kickinghorse2405
January 9, 2024 at 8:06 am
Put a robot in charge and bore yourself to success.
A rare argument for A.I?
@TheFreemanuk
January 9, 2024 at 8:06 am
100% UTTER BS.
@FluffyUnikxrn
January 9, 2024 at 8:06 am
It was because of Liz Truss. She was unfortunately and incorrectly blamed for a series of events which took place over a larger time span of her premiership. Also the majority of this was outside of the governmens ability to handle as the Bank of England are responsible for controlling inflation, not the government.
Been over 1 year since I watch your channel, and it's still touting the same "left wing" fake news.
@timetraveler7533
January 9, 2024 at 8:06 am
look like it .
@tomthumb2361
January 9, 2024 at 8:06 am
People always see the UK as a safe haven in hard times. Look around. Where else has such an unbroken history of coming through economic, political or military storms. The economy still is a mess, with low productivity and investment.
@mercedesvan-doors34
January 9, 2024 at 8:06 am
Is there an argument that the money men manipulated the currency to get the politician they wanted.
@asitdebnath
January 9, 2024 at 8:06 am
Indians are more British than genetic Britishers.
@madhumitaroy4756
January 9, 2024 at 8:06 am
No
@NerdyUK
January 9, 2024 at 8:06 am
You missed the 4th reason, that much of negative sentiment was driven by forecasts that overstated the downside risks to the economy. When it became clear the forecasts were wrong markets were forced to re-evaluate and sentiments improved.
@charliec6020
January 9, 2024 at 8:06 am
can we renationalise MPs? They have the same quality issues and outcomes show now sign of improving.
I vote we nationalise the Tory party but as a task group to investigate the complete doings of goat and sheep on the Falklands – send them there until their magnus opus is considered a complete accounting of these creatures.
Meanwhile in mainland UK we ought have some MPs appointed to represent human conditions and needs within the union of which we the citizens, fund and vote for.
@mahdibougossa8502
January 9, 2024 at 8:06 am
Long term though Truss was right. it will come and bite us in the behind by pleasing the bankers.
@ME-hm3tc
January 9, 2024 at 8:06 am
Ngl I thought Sunak died. Haven't heard the usual endless PM dialogue and batshit crazy speeches.
@randydrew66
January 9, 2024 at 8:06 am
A strong pound is bad for the world, we need to do everything we can to ensure white countries are struggling so Africa can survive