American Madness

Intelligent Criticism in the Service of a Better Nation




Sterling is going down

Posted by Josh Friedlander | No Comments

“Sterling has gone to hell in a handbag,” David Bloom, London-based global head of currency strategy at HSBC Plc, Europe’s biggest bank by market value, said in a Bloomberg Television interview. “Sell it against anything that you have. Sell it across the board. Sterling is going down.”

- U.K. Pound Falls Versus Euro as BOE Holds Key Rate at 5 Percent (BBerg)

That is one of the finest quotes I’ve ever seen, and especially for a currency story!

Not surprised. U.K. real estate/financial “miracle”/productivity: all over. The dog (US), after all, wags the tail.

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