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State of sterling


HeartThais

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Missed this on Friday. Too busy with weekend preparations to read the news. But Lloyds/HBOS warns of 10B pound loss. The sterling rollercoaster gets more fuel.

 

http://www.ft.com/cms/s/0/eefff408-f9d6-11dd-9daa-000077b07658.html

 

10B isn't that bad. It's bad but its not an RBS. Apparently about double the mean of the analyst forecast.

 

Funny how the BoE times their press releases to be always come out around the same time as major bank news.

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