Saturday, March 2, 2013

Weekend Chillout - Walking Away

It seems the fallout from Britain's rating credit downgrade continues with another plunge in the GBP overnight on weaker manufacturing data. It seems the market's slow walking away from the UK's bonds and currency is turning into a run. I suspect George Soros and similar hedge fund managers will be seeing blood in the water for the GBP and will short it even more than they probably already doing.

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