An interesting article from ArabianMoney.net The editor muses that the currency traders will soon start, if they haven't already, marking down the value of the Pound vs. the $US and the Euro and that investors should exit UK Pound denominated investments. Note in the comments section of the article where both the editor and readers agree that all currencies are ugly and the only alternative to currencies is gold.
UK pound heading towards dollar and euro parity:
Foreign exchange dealers have decided to slaughter the UK pound. This morning’s press attacks appear the start of a sustained campaign to drive sterling much lower and profit from the process. And who can blame the forex guys for backing a one-way bet, and probably one the British Government secretly endorses......read on
No comments:
Post a Comment