Tuesday, January 8, 2008

Another reason to sell Pounds

View of the Day: Why the dollar will (eventually) rally

“Indeed, alongside the clear UK-specific reasons to be negative on the pound, the currency’s strong link to growth was an important factor in our call for further sterling weakness in 2008…On the flip side, while currencies like the Swiss franc normally benefit during global slowdowns, the US dollar has statistically been the most likely to rally”. PS the pound strengthened today on news that the hpc was delayed in December (http://www.ft.com/cms/s/0/26293fbe-bdd0-11dc-8bc9-0000779fd2ac.html). At least there is is some benefit from the BTL locusts giving me more time to sell all my pounds ;-)

Posted by happyrenterz @ 02:54 PM (406 views)
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