Posted AT 9:48 AM EST on 08/07/08
British pound to buckle under economic gloom
LONDON — The British pound has held up well against major world currencies in the face of some of the worst news about the UK economy in recent memory, but currency strategists expect sterling to buckle eventually.
The pound has retreated sharply from its 26-year high set in November above $2.11 (U.S.) and analysts are confident that the data will soon take its toll on the pound and see it return to a downward trend.
The full text of this article has 805 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
