“Sterling is Finished”

Categories: Consumers, Economic Forecast/Analysis

sterling

British economy is in real real trouble right now as the pound today fell to its lowest value since 2001. The UK currency went down by a stunning 6 cents, below $1.40.  A top global investor was quoted saying:  “Sterling is finished.” The crashing of the pound’s value also caused another plunge against the euro while the British authorities failed once more in its banking bailout move. “I would urge you to sell any sterling you might have,” said the Quantum Fund co-founder ... Read More