EVERY country, bar America, seems to want a weak currency at the moment to hold off deflation. Some, like the Japanese, actively seem to be pushing the currency down. Sterling may have fallen off the radar but it has five key weaknesses. Political uncertainty. Despite last night's by-election result, UKIP probably won't win many seats in the May 2015 election but it is frighteing the other parties, and prompting them to question their policies and their leaders. The Tories may lose seats to Labour as a result of UKIP's surge but Labour will lose just as many seats to the Scottish National Party, as things stand. ... (full story)