UK is in pretty bad shape and whether they like to admit it or not credit crunch will catch up and they will be cornered like the FED was in november.
the good thing about history is to learn from other peoples mistakes such as FED's very late reaction. however BOE doesnt seem to be learning.
I think BOE should act quickly to solve that problem, and not just give it minimal consideration.
so in the long run cable looks bearish to me.
the good thing about history is to learn from other peoples mistakes such as FED's very late reaction. however BOE doesnt seem to be learning.
I think BOE should act quickly to solve that problem, and not just give it minimal consideration.
so in the long run cable looks bearish to me.
"what doesn't bankrupt me, makes me stronger" modern nietzche