Tuesday 20 January 2009

The engines canna take it cap'n!

Bloomberg - not the Mayor of New York but the online media presence - has an interesting piece up. Here's a couple of excerpts:
“I would urge you to sell any sterling you might have,” Jim Rogers, chairman of Singapore-based Rogers Holdings, said in an interview with Bloomberg Television. “It’s finished. I hate to say it, but I would not put any money in the U.K.”

“The realization that the banking sector is in an even worse state than previously thought, and the significance of that sector to the U.K. economy, is really hurting the pound,” said Jeremy Stretch, a senior currency strategist in London at Rabobank International.

1 comment:

McChatterer said...

Shame you can't buy shares in the IMF...