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British pound ETF: Time to buy?

Posted on 03 April 2013

It has been a rather forgetful year for the British pound so far as the currency lost close to 6.5% versus the U.S dollar since the start of January. This makes it one of the worst performing currencies on a year to date basis after the Japanese yen (read DXJ–Best ETF to Play the Japan Rally).
The economy suffered a credit rating downgrade of one notch by rating agency Moody’s in mid February this year. Also, recessionary concerns have been plaguing the economy for a long time………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 39021 posts on Opalesque Commodities Briefing.


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