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Green Shoots Put Spring In Pound

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Bullish FT today:

http://www.ft.com/home/uk

BBC are rejoicing - if the FT says it we must take notice!

I saw it, totally on message. The BBC are on such a green shoots mission this last week could we be having a Summer election, it is not going to get any better than this before the last possible election date.

They were trying to appease those who have lost their jobs or those who know someone who lost their job by explaining unemployment is a lagging indicator and really everything is better now. I stopped reading the FT years ago, I thought it was a serious paper but it has shown itself to be nothing more than a pink version of the Times dedicated to business.

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course, the pounds good fortune is nothing whatsoever to do with the continued slide, against recent hopes, of the US economy, or even the Eurozone banks being "encouraged" to fess up to losses they havent yet accounted for.

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we could see house price rises of 300% again soon? then they will all be happy :lol:

A stronger pound means cheaper houses so presumably not, you get more house for your money which is what they mean by green shoots: falling prices and House Price Freedom.

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