John Redwood
"Since I drew attention to the pound’s plight again in the third week of September the devaluation has continued apace."
Comment made on article:
"Since the UK banking crisis started in mid-2007, the pounds has fallen by:-
75% versus japanese yen
50% versus the Czech Koruna
49% versus Swiss Franc
39% versus Singapore Dollar
37% versus Brazilian Real
36% versus Euro
33% versus Australian Dollar
28% versus the Thai Baht
27% versus US Dollar
21% versus South African Rand
21% versus Polish Zloty
4% versus Mexican Peso
It has increased in value versus only the Zimbabwean Dollar , Ukrainian Hyrvnia and Icelandic Krona.
This kind of currency collapse is not consistent with low inflation."
No comments:
Post a Comment