The greatest risk in life, is not taking one!
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Sterling is no longer a safe haven
Sterling's days as a safe haven currency are over for now. Hedge funds are selling more pounds than they are buying for the first time in five months. The speculators are heading for the exit. The diminished status of the UK currency in the eyes of international investors was illustrated by the reaction to the weekend's hollow words about currency manipulation. Two currencies took a thumping when trading reopened on Monday: the Japanese yen, which is being deliberately depreciated by Tokyo, was one; sterling, which dropped to a seven-month low against the dollar at one point, was the other. To be sure, there will be ... (full story)
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- Feb 18, 2013 4:18pm Feb 18, 2013 4:18pm
- attrium
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- feelmypecs
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- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir