OK, I was a little premature in my sterling rally forecast of a week ago.
It looks like the Bank of England is going to cut rates by 0.50% to 1.00%, maybe even another 1.50% are there are risks of a short term rout of sterling.
One commentator is forecasting $1.27.
No-one really knows for sure but the Bank of England seems to be happy to let sterling depreciate. My advice now is - let it ride!
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1 comment:
Thanks for your latest thoughts.Gonna let it ride for now...
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