The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
The Great Debate UK
-Mark Bolsom is Head of the UK Trading Desk at Travelex Global Business Payments. The opinions expressed are his own.-
- Paddy Earnshaw is the Director of Customer Relations at Travelex Global Business Payments. The opinions expressed are his own.-
– James Saft is a Reuters columnist. The opinions expressed are his own –
To look at sterling and gilts, you would hardly know that Britain is sailing into a general election which will likely deliver a weaker government with a diminished ability, if not will, to grapple with high debts, an uncertain role in the global economy and an aging population.
Since 1982, cable has been contained by the 1985 low of GBP/USD1.0790 and the 2007 high of USD2.0798. The bulk of this time cable has remained within a narrower 1.40 to 1.80 trading range.
- Mark Bolsom is the Head of the UK Trading Desk at Travelex, the world’s largest non-bank FX payments specialist. The opinions expressed are his own.-