In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘Sterling’s decline’

Deutsche Bank sees end to pound’s reserve status

Posted by seumasach on January 28, 2017

Mr Winkler has cited data from the IMF which shows that the sterling share of global reserves has fallen slightly in the two quarters to September.

He also says the Chinese central bank is moving out of sterling more rapidly than it moves out of other currencies, as it sells down its massive hoard of reserves in order to stop the value of the renminbi from falling too fast.

27th January

Read Independent article:  Is the pound in danger of losing its reserve currency status because of Brexit?

 

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Posted in Currency Wars | Tagged: , , | Leave a Comment »

Sterling falls after weaker-than-expected UK CBI

Posted by smeddum on October 21, 2008

Sterling falls after weaker-than-expected UK CBI Reuters
Tue Oct 21, 2008 11:20am BST
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LONDON, Oct 21 (Reuters) – Sterling fell on Tuesday, hitting a session low against the euro after figures showed that UK manufacturers were the most grim on their business outlook in nearly 30 years, underlining ongoing economic weakness. Read the rest of this entry »

Posted in Financial crisis | Tagged: , , , | Leave a Comment »

Making Money from Sterling’s Decline

Posted by smeddum on October 10, 2008

Make Money From Sterling’s Decline Tradefair Financials
THE pound is down. One would hesitate to say the pound has been pounded and taken a pounding. Read the rest of this entry »

Posted in Uncategorized | Tagged: , | Leave a Comment »

 
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