"The Australian dollar may have retreated from historic highs against the greenback, but that hasn't stopped it from notching new records against other major world currencies.Click here to read more: http://www.smh.com.au/business/markets/surging-dollar-notches-records-against-pound-yen-20130308-2fpj1.html#ixzz2MwJNJAjX
The British pound has lost its dominance over the Australian dollar over the last four years, with the local unit setting a 28-year record against the pound overnight, as the UK economy struggles with poor growth and high levels of debt. It has also reached a four-and-a-half year high against the Japanese yen."
Re: Is Sterling stuffed? or just a blip?
Bruce - Simple fact - If the UK were part of the Eurozone currency we would be in a far worse position than Greece.Re: Is Sterling stuffed? or just a blip?
The global strategist at Morgan Stanley, Gerard Minack (the bloke that predicted the GFC) has said that because the underlying problems of debt has not been properly addressed the same could happen again but because interest rates are now so low he fears depression will be the resulr
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