Sterling Strength Casts Shadow Over Us Inward Investment; Warning That Scotland Could Lose Out As Dollar Plunges
The Herald › November 25, 2004
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Summary
SCOTLAND could lose out on inward investment by US companies because of sterling's continuing rise against the plummeting dollar, a leading economist warned last night.
Professor Brian Ashcroft, policy director of Strathclyde University's respected Fraser of Allander Institute, said: "From a Scottish point of view, my biggest worry about the strength of the pound against the dollar is we may lose out on either reinvestments or investments from US companies."See the full content of this document
Extract
Sterling Strength Casts Shadow Over Us Inward Investment; Warning That Scotland Could Lose Out As Dollar Plunges
He was speaking as sterling hit its highest level against the greenback since February - rising as high as $1.8831 and remaining firm at $1.8820 last night.
The dollar hit record lows against the euro yesterd...See the full content of this document
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