11 May 2010

Markets Incredibly Stable During Political Turmoil

I find it amazing how stable the Sterling exchange rate is versus the major gobal currencies of the US Dollar, Euro and Japanese Yen during this period of unprecedented political turmoil. If we take out the fluctuations due to the Greece crisis there has been very little downward movement in Sterling Currency Movements Sterling vs Euro, Yen and Dollar during a period when there is a real possibility of a Labour/Liberal pact.

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