Thursday, 17 March 2016

Bank of England says Sterling hit by EU vote

Another crude and ill judged attempt by Canadian Carney to repay his debt to Osborne who made him governor. The BoE has talked endlessly about rebalancing the UK economy towatds manufacturing and exports in  particular but it has failed conspicuosly to deliver.Now the market is doing the BoE's job by reducing sterling's value. This will be very good for the UK economy but in project fear all good news is spun as bad news. Carney is turning into a disaster, as bad as Mervyn King who presided over the investment bank meltdown. He should be fired.

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