There is a rumor in the market that there is going to be really bad news for the pound released over the weekend…More like a rumor of a rumor than an actual rumor.
What could the news be? Brown to step down? Not much of s surprise, other than timing…
Major tax hike and spending cuts despite still weak recover? Plausible?
Gerry Davies to take off three more days next week? Chilling, but confirmed…
EUR/GBP is consolidating colossal gains, now at 0.9212.