Entering text into the input field will update the search result below

Paper Currency Volatility: British Pound

May 26, 2011 9:39 AM ET
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.
British Pound

It went down from 200 in the latter half of 1992 to around 142 in early 1993--a loss of 30% in several months.  Yes, Soros was responsible for that, but what does that mean?  That only means that paper currencies are subject to manipulation.  And look at the drop from the height of 211 in late 2007 to the low of 136 in late 2008--a drop of 36% in a year.  (Charting from stockcharts.com)

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.