Tuesday, 20 January 2009
Jim Rogers: U.K. Pound Is Finished
"“I would urge you to sell any sterling you might have,” said Jim Rogers, chairman of Singapore-based Rogers Holdings, in an interview with Bloomberg Television. “It’s finished. I hate to say it, but I would not put any money in the U.K.”
Rogers correctly predicted the start of the commodities rally in 1999. In January 2008, he advised investors to sell the U.S. currency. The Dollar Index traded on ICE futures, which tracks the greenback against six major trading partners, rose 6 percent last year.", Jim Rogers, 20 January 2009.
Would the UK move toward the Euro? it appears quite difficult after Central bank, Government action on the U.K. Financial System.