Pound forecast to tumble on 'insane' spending cuts
"I think what Britain is doing is absolutely insane" John Taylor, the founder of the $8bn FXConcepts fund, told The Sunday Telegraph. "The Conservatives will lose their stomach for this."
"The last retail sales numbers were pretty ugly and then we have to go through the VAT hit," said Mr Taylor, who at 67 is one of the oldest operators in the foreign-exchange markets. The pound will fall below 1.40, possibly this year, he expects.
http://www.telegraph.co.uk/finance/currency/8082803/Pound-forecast-to-tumble-on-insane-spending-cuts.html
Ay, ay, ay. When John Taylor is opening his mouth, you better listen...
"I think what Britain is doing is absolutely insane" John Taylor, the founder of the $8bn FXConcepts fund, told The Sunday Telegraph. "The Conservatives will lose their stomach for this."
"The last retail sales numbers were pretty ugly and then we have to go through the VAT hit," said Mr Taylor, who at 67 is one of the oldest operators in the foreign-exchange markets. The pound will fall below 1.40, possibly this year, he expects.
http://www.telegraph.co.uk/finance/currency/8082803/Pound-forecast-to-tumble-on-insane-spending-cuts.html
Ay, ay, ay. When John Taylor is opening his mouth, you better listen...
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Errare humanum est
