Sterling at $1.77
How you all laughed at my currency speculation. But now, my dollar at average rate of about 2.01 are looking good now sterling is at 1.76.I don't think Alistair Darling has a high reputation as a Chancellor (although I can't really think of anything disastrous he has done), and for that reason this idea hasn't been considered. But when everyone is wondering why he was so candid about Britain's economic outlook, no-one seems to have considered that perhaps it was because he was talking down the pound deliberately?
Labels: currency speculation
posted by Matthew @ 9/03/2008 03:32:00 PM
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