Jockeying for the Weakest Currency
"You may have to fight a battle more than once to win it." - Margaret Thatcher
Last week in my article Trouble by the Pound, I focused on the idea that given the double-dip recession Britain is already in, and the strong pound relative to the euro nearing resistance last hit in 2010, it seems likely that the Bank of England will need to do more to support the economy. So far, more aggressive large-scale asset purchases (also known as quantitative easing) have not been announced, but pressure may be growing should economic data continue to weaken. This in turn could serve as a catalyst to cause a break in the pound as more currency printing pushes purchasing power lower....414 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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