Here’s Mark’s letter to George in full
And a lot more to write about this time
As I see it the take-away ( as Adam likes to call it ) from all this is the sell rumour/buy fact scenario that I posted about earlier
Yes interest rates are staying low for a while but we knew that. Now we have a link to unemployment but that will probably not be triggered for a long while yet ( current rate 7.8%)
But the market at least knows the detail now albeit with the usual set of variables.
I don’t think this a major buy signal for the pound but I can see why traders jumped in to cover their shorts.
