Thursday, October 20, 2016

The New Natural Value For The British Pound (GBP)

Given the fact that the debt is so very, very high, the balance of trade is so bad, the City of London is now under so much pressure, Europe is now going to do everything it can to take the City`s business, so yes, a lower price under 1.0000 dollar will be the new normal for the British Pound (GBP). But that is not going to happen this year, that is 3 or 4 years down the road.

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.