Illegitimi non carborundum - Noli pati a scelestis opprimi.
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Almost Everyone Thinks the Pound's Days Are Numbered
The pound will fall even further than its three-decade low reached in the immediate aftermath of the Brexit vote, according to almost all the analysts who’ve changed their forecasts since the referendum. Of the 36 new predictions in a Bloomberg survey, 32 are for sterling to end the year at or below $1.30, with only two forecasting a rally from current levels. The median estimate is even more bearish at $1.25. That’s 6 percent weaker than the pound’s level of $1.3277 at 5 p.m. London time on Friday and would push the currency through the 31-year low of $1.3121 set on June 27 as traders digested the U.K.’s ... (full story)
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