This was one of those articles which made me stop for a second. I have met a few Scottish Fund Managers in my time. If they think the GBP (FXB) could fall 20% or 30% in the not too distant future, it is worthwhile to take a minute and run through their arguments.

    The arguments in the Bloomberg piece focus on three issues:

  1. The UK is running a 12% deficit, not far off the pace of Greece. The UK credit rating is at risk.
  2. The UK Treasury has heavy refinancing needs in the coming months.
  3. Parliamentary elections could result in a “hung Parliament”.

Have a read…click here


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