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Sterling To Take A Pounding
Sterling fall predicted as Carney keeps rates low
Quote by: Hans Redeker of Morgan Stanley
Quote made on: 17/08/2013
Quote Submitted by: Michael Chetham
Source: The Daily Telegraph (James Titcomb)
Editor's Notes
Around 7 weeks ago in The Daily Telegraph, Morgan Stanley`s head of foreign exchange strategy, Hans Redeker, was reported as speculating that the pound would weaken substantially in the months ahead, as policy-makers affirmed commitments to keep interest rates at record lows.
More specifically, Morgan Stanley predicted that sterling would fall more than 5% from its then current value of $1.56 to $1.48 within three months.
In the event, the pound stands today at $1.622 – i.e. up 4% – and will need a serious volte-face over the next few weeks if we are to avoid seeing Hans off with his forecast.
(No Ratings Yet)
Loading ...Published on: October 2, 2013
Close, But No Cigar.
A Christmas Rally Will Push The FTSE 100 Above The 6,000 Mark
Quote by: Star Manager, Giles Hargreave (Manager of Marlborough Uk Micro Cap Growth Fund)
Quote made on: 23/11/2012
Quote Submitted by: Chris Sargeant
Source: Jenna Voigt (FE Trustnet)
Editor's Notes
Mr Hargreave`s comments came after a good stock market rally had taken the FTSE 100 to 5795.73 towards the end of November.
Despite his enthusiasm, the index ran out of a bit of steam and limped over the line at only 5897.81.
(1 votes, average: 1.00 out of 10)
Loading ...Published on: March 22, 2013
Inflationary Pressures Will Not Reassert Themselves In The Short Term
The duo point to macroeconomic data that suggest inflation will remain subdued. Also, they were quoted as believing that: “subordinated bank debt presents a real opportunity, even allowing for the high levels of volatility we have seen in this sector”.
Quote by: Paul Causer and Paul Read (Managers - Invesco Perpetual)
Quote made on: 18/05/2012
Quote Submitted by: Adam Smithson
Source: Citywire Money
Editor's Notes
Probably a couple of predictions to keep an eye on.
(1 votes, average: 1.00 out of 10)
Loading ...Published on: March 22, 2013
