And here is where Sterling is in a dilemma. The background of monetary policy remains negative, as Britain is seen following a possible candidate for QE with the U.S.. However, when the market prefers to focus on fiscal policy, sterling tends to increase, as investors believed that the authorities "are doing everything right" on this front. Which of these areas will become the dominant, only time will tell, but in terms of investor confidence can only be judged on business.
Tuesday, October 5, 2010
Sterling enjoys a stiff talking about taxes
And here is where Sterling is in a dilemma. The background of monetary policy remains negative, as Britain is seen following a possible candidate for QE with the U.S.. However, when the market prefers to focus on fiscal policy, sterling tends to increase, as investors believed that the authorities "are doing everything right" on this front. Which of these areas will become the dominant, only time will tell, but in terms of investor confidence can only be judged on business.