Sterling will hit parity with the dollar soon and I believe it will hit US .70 cents soon after that. The UK has no value: once you strip away the froth, it is a dumpy European country with crappy houses and masses of social problems.
Anon: "it is a dumpy European country with crappy houses and masses of social problems."Oooh!! Who's been sleeping in the knife drawer then?You think we have masses of soical problems now, just wait 6 months.
My worst prediction of the past 2 years has been sterling not falling this far. Now I think it's being traded down, not falling due to fundamentals. Wait till all the plebs wake up to the Eurozone depression and the Asian collapse. It'll be a while mind, because they are still getting used to this deflation idea, and before that they thought oil was going to $400