Pound under attack as debt worries grow

[AtW]

REPENT
YOU
DIRTY
SPEKULANTS!!!

[DimPrawn]

REPENT
YOU
DIRTY
SPEKULANTS!!!

[Jog On]

Nice to see you two agreeing on something.

No oil future trades today then?

Shame, my CAD trade was a winner - now if only the reverse was true about gold (AUD).....

[BlasterBates]

20-30% drop in pound predicted

[HairyArsedBloke]

Greece Now, U.K. Next as Scots Ready for Pound Plunge

Given their demonstrable 'expertise' in matters of finance - worth a contra-punt?

[TimberWolf]

20-30% drop in pound predicted

“My strong view is the government is trying to create inflation and devalue the currency.”

WHS

[AtW]

“My strong view is the government is trying to create inflation and devalue the currency.”

They are trying to devalue debts with inflation created by printing money, not a good idea if you are a net importer...

[TimberWolf]

“My strong view is the government is trying to create inflation and devalue the currency.”

They are trying to devalue debts with inflation created by printing money, not a good idea if you are a net importer...

Perhaps Gordon thought the Tories were going to win the next election and the consequences and blame would fall into their lap? I imagine, as I've read elsewhere, that once you start printing money, it's hard to stop.

[AtW]

once you start printing money, it's hard to stop.

This stop comes naturally once you can't afford to pay for money paper using money you've just printed

[TimberWolf]

This stop comes naturally once you can't afford to pay for money paper using money you've just printed

What's to stop UK people saying, I don't want to be paid in Sterling, pay me my salary in Dollars into my Dollar denominated account. Is that illegal?