The Pound in trouble

Story link: The Pound in trouble

This could have huge implications for businesses who are trading or importing/exporting from the states, products from the states just don’t weigh in as cheap as they used to.
Long term predictions for a rocky ride and then a correction are most likely to be a fair bet, although it does depend on the success of pre budget report decisions

The Pound in trouble

Could the British government’s plan to borrow and spend its way out of a recession lead to a run on the pound?
George Osborne, the Conservative Party’s spokesman on such matters, warned of just such an outcome this month, and Peter Mandelson, the Labor government’s business secretary, accused him of being “reckless and irresponsible.”