Market Currents
"There could be big headwinds for the U.K. economy over the next few months," writes Jim...
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Monday, April 23, 2012, 4:52 PM ET"There could be big headwinds for the U.K. economy over the next few months," writes Jim Leaviss, noting cable is up 7.25% since June on a trade-weighted basis. Such a move in the past was equivalent with 175 bps of monetary tightening, not exactly something a stagnant economy can take. "Should the BoE join nations like Switzerland ... in actively selling their currency or talking it down?" FXB +3.8% YTD.
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