Now is a good time to have second thoughts about selling sterling. The pound has been hammered since the start of the year. Fears of a triple-dip recession, expectations of more quantitative easing from the Bank of England, the loss of the U.K.’s triple-A credit rating and a decline in the pound’s safe-haven status have all played their part in pushing sterling down nearly 10% against the dollar. At times sterling has not only been hurt by the U.K.’s own problems, it has also suffered because of the country’s proximity to the never-ending tribulations of the euro zone. Another reminder of the problems the U.K. faces ... (full story)