Breaking Down the Pound
Europe seems to be the key to everything right now, and as you know, the news isn't good. Today, German Chancellor Angela Merkel said that if the Italians and the French believe the ECB is going to bail them out, they're sorely mistaken. Meanwhile, the ECB continues to scoop up European bonds, but if today's bond auction in Spain was any indication, it has relatively few companions in this pursuit.
But instead of focusing on the euro, I'd like to turn my attention to the British pound. Today I'd like to analyze the CurrencyShares British Pound (FXB) for clues as to what will occur next....478 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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