Sunday, January 17, 2010

Who’s in charge here?

Sterling could collapse while our MPs are still pussyfooting around

If there isn't genuine action soon, or at least a rock solid and credible commitment to action, traders will lose patience and bid-up gilt yields sharply. In a crippling ripple effect, borrowing costs would spike right across the economy. Sterling could even collapse.

Posted by devo @ 12:11 AM (1909 views)
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3 thoughts on “Who’s in charge here?

  • I’ll try sticking up for the UK. The weakness of Sterling needs to be looked at relative to other currencies. We have our problems but perhaps there are other countries with more to worry about right now? Try listening to Marc Faber (03:48)

    http://www.youtube.com/watch?v=i9CSbUXTYqI

    See what I mean! Not a single mention of the UK. I’m guessing that the bonds market will wait until after the election before expressing their concerns.

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  • aha Quiet Guy MF says “something will happen” – nice one!

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