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Pound rebound?
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We are a financial center, and to some extent an oil currency, possibly the two worst things to be in the current climate, I see no near term reason for Sterling to appreciate much other than an oversold bounce. Sterlings future moves will probably be more a function of how strong or weak other currencies become rather than any strength in the pound. The Euro likely has a rough ride ahead of it since a lot of this economic crisis still has to be factored into it. I don't think there are any safe haven currencies, speculators have probably finished with Sterling for now and will move on to something else.Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0 -
Pound rebound?
A poet ???
The markets will be even more volatile than ever of the coming months.'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
Don,t get too excited the pound will soon slump again when the BOE drops rates this thursday and Gordon opens his mouth.0
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