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Cameron Could Help to Lift Sterling Again

From blogs.wsj.com

David Cameron‘s speech on the U.K.’s future in the European Union could be big news for sterling. In fact, it could prove to be a defining moment that justifies the pound’s safe-haven status and makes it an even more attractive alternative to the euro. At the moment, the fortunes of the pound look distinctly poor. The sterling index has been falling steadily since the start of the year and, as Capital Economics chief U.K. economist Vicky Redwood suggested in recent research, there are seven good reasons to keep selling the currency. Slow economic growth, more quantitative easing, a deteriorating current-account ... (full story)

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