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10 Mar 2014
Flash: GBP/USD potential correction lower - FXStreet
FXStreet (Barcelona) - Ross Burland, Analyst and Editor at FXStreet, expects a weaker pound in the coming months.
Key Quotes
"The UK’s public finances are a disaster. We looked at the national debt figure, and that in itself is leading Britain to ruin".
"I suggested that Britain has two options. Print more money/continue borrowing or take it from its citizens".
"Today, the pound is under pressure after too much time spent floating around in bear’s territory. Spot is 1.6634. It goes to show that much of the appreciation of Sterling has already had the economic surprises of this and last year priced into it".
Key Quotes
"The UK’s public finances are a disaster. We looked at the national debt figure, and that in itself is leading Britain to ruin".
"I suggested that Britain has two options. Print more money/continue borrowing or take it from its citizens".
"Today, the pound is under pressure after too much time spent floating around in bear’s territory. Spot is 1.6634. It goes to show that much of the appreciation of Sterling has already had the economic surprises of this and last year priced into it".