GBP

george, they are now talking about creating a business bank, yes a bank for businesses, wow that's a good idea, I never thought of that (In the days of old uk banks used to be for businesses). I think this could catapult FTSE's to the moon. Add to this another idea under discussion to borrow the NHS pension fund to invest in large infrastructure projects, then a plan to amalgamate hundreds of smaller pension funds into 2 or 3 large funds for investment in the growth plan. This would also reduce fund adminstrative costs which would ultimately write off our future pension deficit liability, (they say). And it would enable the bond mkts to continue buying our gilts and the credit agencies continue with AAA.

Does it all sound too good to be true or is it just a grubby plan to get their grubby mits on our savings. We all know what governments do with our money.

..taking a stab at GBP/CAD. Short from 1.5750...looking for 1.5650. stop at BE...

Greece is the worddd !!!! Well we got the catalyst for a break of 1.5600 as the central banks and governments start putting up the sandbags,very tricky with all this talk of intervention,still generally bearish and GBP is over extended already but won"t take position this late on a friday especially this one!!!

1.555 and below by this afternoon.
choppy week ahead the pound

Methinks Greece will not leave Euro despite german battle tank Merkel's efforts rather they will ask
for a bank bailout....but if the common currency comes to an end , wouldn't GBP be a big winner?