BOE`s KING:Pound drop supports rebalancing of economy

A

ASusilovic

* Domestic spending decline must accompany export boost
* Exporters must create 500,000 jobs to rebalance
* Monetary policy still a potent weapon
* BOE policy must balance risk to inflation
* Indicators of inflation subdued
* G7 willingness to work together has ebbed
* Pound drop supports rebalancing of economy
* Countries with surplus and deficits are in conflict

http://forex.fxdd.com/91811/economic-statistics/boe-king-on-the-newswires-2

If Mr. King is a fan of lower GBP, I will certainly consider selling a bit of this currency...or a bit more...:cool:
 
Cable run up huge (against USD anyway) since UK announced the 500,000 government workers and other austerity program less than a day ago. Only bigger spending & QE will cause the pound to drop.
 
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