In response to:

The Pound Gets Pounded

S.17 Wrote: Feb 20, 2013 10:54 AM
So knowing this, how do I make money from it?
Colonialgirl Wrote: Feb 20, 2013 1:16 PM
I cashed in the Pounds I was holding for another trip to the UK when the exchange rate was $1.62 /Pound; I had purchased them the last time it was $1.45/ Pound; I only had 740 Pounds, so not a giant payday but better than a poke in the eye.

As the global currency war intensifies, the majority of attention has been paid to the 17% fall of the Japanese yen against the U.S. dollar over the past few months. The implosion has given cover to the sad performance of another once mighty currency: the British pound sterling. But in many ways the travails of the pound is far more instructive to those pondering the fate of the U.S. currency.

 

Japan has a unique economic and demographic profile which makes it a poor stalking horse. Newly elected Prime Minister Shinzo Abe and the Bank of...