BOE`s KING:Pound drop supports rebalancing of economy

Discussion in 'Trading' started by ASusilovic, Oct 20, 2010.

  1. * Domestic spending decline must accompany export boost
    * Exporters must create 500,000 jobs to rebalance
    * Monetary policy still a potent weapon
    * BOE policy must balance risk to inflation
    * Indicators of inflation subdued
    * G7 willingness to work together has ebbed
    * Pound drop supports rebalancing of economy
    * Countries with surplus and deficits are in conflict

    If Mr. King is a fan of lower GBP, I will certainly consider selling a bit of this currency...or a bit more...:cool:
  2. Cable run up huge (against USD anyway) since UK announced the 500,000 government workers and other austerity program less than a day ago. Only bigger spending & QE will cause the pound to drop.