| At a time when Bank of England Governor Mervyn King could use a weaker pound to boost the economy, investors from Japan to Norway are propping up sterling by purchasing more UK real estate than British citizens and the most stocks and bonds in over three years.
Foreigners are spending more on UK properties worth over 6 million ($9.5 million) than residents are, for the first time in a decade, according to Real Capital Analytics Inc. The most recent data on portfolio investments, which include purchases and sales of equities and debt, showed a 37.6 billion net inflow in the second quarter-the biggest since 2009...............................................Full Article: Source
|