Well I should say I was not surprised by the reaction of Sterling, on the 29th June, I posted on my blog the following [link removed], emphasising the need for a massive devaluation of Cable, if we are to compete against a strong European export market. Carney clearly echoed this yesterday, as he pumps another £150 billion into the economy. It was rather funny, I got the sense that, he just didn't care and as a dovish central banker, it seems he just got a blank cheque to keep easing.
A lot pundits, were calling Cable higher I was certain that we will be under the 1.30's by the end of the week.
What's everyone's thoughts going forward? It will be interesting to get other perspectives beyond my own. I am still telling my clients look lower for recoveries but markets never offer certainty.
A lot pundits, were calling Cable higher I was certain that we will be under the 1.30's by the end of the week.
What's everyone's thoughts going forward? It will be interesting to get other perspectives beyond my own. I am still telling my clients look lower for recoveries but markets never offer certainty.
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