Ashraf Laidi on BNN - February 18, 2014

Feb 18, 2014 16:36
UK Inflation at 3 ½ year lows, UK unemployment at 4 year lows and the currency is at 3-year highs. In fact, the pound is posting is best 7-month period since the 17% posted in March-October 2009, when global markets were ignited by joint BoE-Fed quantitative easing to the benefit of risk currencies such as GBP. Lower inflation usually implies a weaker currency, but in the case of the UK, the steady decrease in CPI has occurred in tandem with the sharpest decline in unemployment since the late 1990s. For tradable ideas, visit

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