The Olympic Effect on the British Pound
As I write, the Olympic torch is making its way across the U.K. for the opening ceremony of the 2012 Summer Olympic Games in London. As the games approach, I've been getting questions about their likely impact on the U.K.'s economy in general and on the British pound in particular.
When it comes to currencies, the name of the game is "follow the money." Money that flows across borders tends to have a greater impact on a currency than money that is spent at home. That flow from overseas stands to benefit the U.K.'s dominant currency, the Great Britain pound (GBP)....483 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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