Whilst the price of crude oil is at its lowest for months, because of the uncertainty of the Scottish YES and NO Independence referendum, the value of sterling has fallen against the dollar. The first chart shows the current price of crude oil in dollars and its welcome downward trend.
The second chart shows the value in Pounds Sterling that shows an upward worrying trend due to the Scottish uncertainty.
Lower fuel prices translate into more money in your wallet to spend on other goods and services. This is good for the country’s economic growth. But political uncertainty, politicians with huge egos and those profit driven oil speculators still have us all over a barrel.