QE Prospects Nag at the Pound
"Human beings must have action; and they will make it if they cannot find it." -- Albert Einstein
With market volatility increasing and stocks worldwide under significant pressure, something which has been less talked about in the past week was the movement of the British Pound. Last month I wrote that the price ratio of the Pound to the Euro was nearing an important three year resistance level. A few days later I followed up, saying, "I maintain the idea that the pound is likely to fall in the intermediate term, and could surprise investors plowing into the strong momentum it has had since the euro crisis erupted."...227 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.