Originally posted by jemb
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This is interesting:
a strategist at Société Générale, said that Scottish independence would “see sterling quite rightly plunge into the abyss”, with the remainder of the UK facing a current account deficit potentially of more than 8 per cent of GDP.
“Interest rates, which are probably set to rise next year anyway, may be set to rise a whole lot faster than anticipated if we get a good old-fashioned sterling crisis,” Mr Edwards said.
“Interest rates, which are probably set to rise next year anyway, may be set to rise a whole lot faster than anticipated if we get a good old-fashioned sterling crisis,” Mr Edwards said.
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