Sterling is in danger Is it in danger?

“Pound Sterling remains at risk,” says George Saravelos, an analyst at Deutsche Bank. The pound has lost about 7% against the dollar in the past 10 days due to a massive support package for the British to help them cope with energy prices. It is a £150 billion project over two years. It’s really huge.

British government bond “gilts” rates are huge, flying high and now reaching 3.84%, which will complicate debt servicing.

If markets no longer want to lend to borrowing countries, there is only one solution.

Bring on the central bank, the Bank of England.

And then inflation then hyperinflation and finally the destruction of the currency.

Deutsche Bank analyst George Saravelos may be worried about the pound sterling, but he could be worried about the euro and all countries in the eurozone. Our economy is no better than English economy.

We will soon have to deal with the same problems and the euro, moreover, is falling hard against the dollar.

Charles Channott

“This is a ‘pressslip’ article, that is, if you continue to reproduce this paragraph without reproduction in whole or in part. is the site where Charles Channat expresses himself daily and provides unbiased and uncompromising analysis of economic news. Thank you for visiting my site. www.insolentiae. You can subscribe to the daily newsletter for free at com. »

Evidence La here

See also  According to Newsweek, Putin was diagnosed with cancer in April

Leave a Reply

Your email address will not be published.