03.04.2013 - British pound ETF: Time to buy?
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
Print