Pound Hits 10-Day Low vs Dollar
The pound is down to a 10-day low against the US dollar, falling to $1.6613 after getting as high as $1.7041 last week.
Last week's sanctioning of throwing an extra £25 billion pounds into the £150 billion QE kitty, £125 billion of which has already been spent, is obviously going to come at a cost.
It must be great to have your own little magic money machine like Alistair Darling mustn't it?
The more we print and the faster we print it, the quicker we'll drag ourselves out of all this, he might as well have said. What could possibly go wrong?
Last week's sanctioning of throwing an extra £25 billion pounds into the £150 billion QE kitty, £125 billion of which has already been spent, is obviously going to come at a cost.
It must be great to have your own little magic money machine like Alistair Darling mustn't it?
The more we print and the faster we print it, the quicker we'll drag ourselves out of all this, he might as well have said. What could possibly go wrong?
