DislikedIt has to and it will but think for a minute logically.
If you had 2-3 properties or flourishing business in europe and you know the end of euro is near with good value of money to be retained if you sell the business or your properties and convert them into CHF or pound only stable currencies in the euro area. What would you do?
Simple answer. Hence everyone is doing the same. GBP is too expensive and I personally think we should be near 120-130 to be competitive globally but market thinks otherwise. I think BOE has realised that it's time to...Ignored
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