Monday, Feb 08, 2010
5-2 that the pound will fall to $1.50 (Extrabet)
London Standard: Pound dives amid fear of UK debt crisis
"Britain took a battering in the financial markets today as investors concerned about a looming debt crisis in the UK dumped risky assets". IMF say "Britain in a similar situation to Greece & Spain" "Unless you can persuade the markets you're really going to bring the budget under control in the foreseeable future you're going to have big trouble.”
Posted by alan @ 08:43 PM (488 views) Add Comment
5 Comments
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1. Crunchy said...
As I said to Le Tech weeks ago "IT'S OBVIOUS" but some have doubts about their trading. LOL
2. techieman said...
"City bookmaker Extrabet gave odds of 5-2 that the pound will fall to $1.50.................... by the end of this month."
hmmmm
3. fallingbuzzard said...
By the end of the month, I wouldn't bet on that, by end of April/May I would but they wouldn't give odds on that!
4. freemanphil said...
The joke about getting out of a recession was to keep the sheople in the stockmarket whilst the establishment closed their long positions and went short the market. NEVER listen to market calls from the fane-stream-media.
5. paul said...
The broadsheets happily report that the problems are about the possibility of a hung parliament.
I'd say its actually because the property market is being held up by freshly government-printed notes and has still not found anywhere near long term true value.