Another decline in the pound (FXB) has it down to $1.4883, the lowest level in nearly 3 years....

|By:, SA News Editor

Another decline in the pound (FXB) has it down to $1.4883, the lowest level in nearly 3 years. While most are focused the yen, the devaluation of cable is an even more impressive sight. What has changed is the appointment of Canada's Mark Carney as governor (he starts in July). Carney is no more dovish than current chief Mervyn King, but he's perhaps more open to experimenting with new easing measures.