While you were watching… England v Costa Rica 24th June 2014

June 25, 2014

England v Costa Rica 23 June 2014

A peek at England’s future

Having already been bowled out in the Group Stage, England’s Manager Roy Hodgson looked to “picking the team with a view that all the players who are with us get some minutes on the field. I will be changing the team to give others a chance to show what they can do.”1. Costa Rica, the lowest ranking team, was originally touted to lose against the young English team with odds paying 1.8 for England to win and 4.1 for Costa Rica to win. The tournament underdog Costa Rica has impressed and surprised many finishing at the top of their Group which also included the formidable Italian and Uruguayan teams. Beating both former champions, the Costa Rican Ticos took a relaxed approach allowing the English team to attempt to restore Cup pride finishing on nil all. The inexperienced Three Lions may not have won any matches but they allowed their fresh players a chance at the international stage whilst giving the world a peek at their future.

 

Past numbers not a help to England

Costa Rica England
  • Lowest ranking team in Group D
  • Only 3 World Cup appearances
  • New hope with Jorge Luis Pinto as coach
  • No.10 FIFA ranking team
  • 13 World Cup appearances, 1 title
  • Finished top in 2014 FIFA qualifying group
  • England’s return to form?

    Even though England may be considered to be the home of football and host of one of the most watched football leagues in the world, its form on the international arena has been less than spectacular. Nevertheless, the young team which fared well in the qualifying rounds showed signs of an improving global football status. It’ll be interesting to see how they play in the 2018 World Cup. Similarly, like the Three Lions, England’s economy is starting to take form with a gradual recovery. At the end of the first quarter of this year, Britain was noted to be the “fastest-expanding economy of any Group of Seven nation” and there were rumours that their record low interest rates will soon see their end2.

    GBPUSD ENG V CRC 2014 | MXT Global ForexA juxtaposing view of the GBPUSD during the Costa Rica v England 2014 match up against the trading sentiment captured 10 hours after the match (inset).

     

    Not so fast, British boy

    Like the English football’s optimism, the nation’s sense of rise and recovery seemed superficial to many. Despite affirmations from statistics and figures, it appears many individuals in England are still feeling the bite of the GFC and European crisis. According to a poll by The Guardian, the nation’s recovery is “accepted by 56% voters but fewer than one in five say their family is benefiting”3. The Bank of England (BoE)’s persistent suggestions that interest rates were due to rise by Christmas increased anxiety amongst homeowners. This anxiety was quelled somewhat in a back-flip move today by the BoE’s governor Mark Carney stating that it may not happen all.

    After watching England’s last game in the World Cup, all has returned to the realisation the there is a lot of work to be done in the Queen country.

    Bank of England’s Mark Carney clarifying intentions on interest rate changes.

     

    If you enjoyed today’s economics and forex match up with the football, see our other World Cup articles in the ‘While You Were Watching‘ series.


    1. International Business Times, UK Edition, 2014
    2. Bloomberg News, 2014
    3. The Guardian, 2014


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    This article was originally published on MXT GLobal.

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