Wednesday, April 28, 2010

UK crisis beckons

Sterling hit as Greek crisis put focus on UK debt

* Dire UK fiscal situation back in focus * Political uncertainty adding to pressure on the pound

Posted by alan @ 10:05 AM (1107 views)
Please complete the required fields.



3 thoughts on “UK crisis beckons

  • Good old Sterling, it always comes out in a crisis and becomes the default punching bag currency.

    Reply
    Please complete the required fields.



  • What a rubbish headline. Sterling was trading near the top of its recent (2 months) range vs USD, and so one could just as well have dismissed this fall as profit-taking, instead of dragging our currency into the awful mess on the Continent.

    It looks to me as if Sterling might have found a floor. Let’s talk it up a little, please, journalists. Now we’ve escaped the awful over-valuation, we need to avoid an equally bad under-valuation.

    Reply
    Please complete the required fields.



  • Excellent. That means a weaker currency = cheaper property in the UK for overseas buyers. How do I know? Well, I’m an Australian that moved to the UK 10 years ago, when it was over $3 Australian to £1. Now sterling is half that value. So, half price properties in the UK for Australians!!! The UK… great if you’re a foreigner… doomed if you are a local making £££££! 🙂

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>