The Pound

[BrilloPad]

As soon as I saw who started this thread I could guess the subject...

[TheRefactornator]

I made the right move when I asked my agency to pay me in yen. Plays havoc with the pockets in your jogging pants though.

[Turion]

Sounds like a signal to start buying £

[BlasterBates]

Long-Term Decline

Britain's currency is set for a long-term decline against the euro and the yen as the nation's economic outlook deteriorates, said Neil Jones, head of European hedge-fund sales at Mizuho Capital Markets in London.

``One of the most significant trends I spotted in the market is that sellers of the pound are longer-term entities,'' said Jones. ``These clients tend to have a six- to 12-month horizon. It isn't a short-term opportunistic trade. This looks like a longer-term disinvestment in the pound.''

http://www.bloomberg.com/apps/news?p...currency_rates

hmm