British Pound Suppressed as Birdy Sings Help the People, Dire Straits Do Telegraph Road
- Category: GBP
The British Pound slipped further from recent highs against the US Dollar and continued to be held down by the Chinese Renminbi in Friday trade, as a wise one showed patience, while a Birdy sang “Help the People,” and Dire Straits did a rendition of “Telegraph Road.”
"The dollar bear market is finally here" - Deutsche Bank.
Pound Sterling was laid down in green pastures afresh on Thursday but could be set to rally much further against the broadly weaker US Dollar, and perhaps even all other currencies, in the days, weeks and months ahead, as a metaphoric Exodus from American assets continues, and the greenback cracks.