Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Has The Royal Baby Already Saved The British Pound?

Joe WeisenthalJul 22, 2013, 18:40 IST

The Royal Baby hasn't even been born yet (Kate Middleton is in labor) but it already seems to be accomplishing great things.

Within minutes after the announcement that Kate had gone into labor (at around 2:30 AM ET this morning) the British pound began to rally, and is now up strongly on the day.

Royal Baby mania is expected to boost the UK economy, so it's plausible that the connection between the rise of the pound and the baby news is something more than total coincidence.

ThinkorswimGBP/USD exchange rate bottoms out 10 minutes after news breaks that the Duchess of Cambridge is in early stages of labor at St. Mary's Hospital, July 22, 2013.