8.6.11

Brief EURGBP

The pound is pushing down as Mr. King will maintain interest rates at record low. Probably not only slow growth is making the difference, but the possibility of erasing their debt thanks to inflation (link). Technically it has pulled back to the previous green oblique line and now the EURGBP should go up again to test the parity. However the GBP has always been really tricky in its moves, so perhaps it´ll take some time to reach the target. We still keep our mortgage in GBP as it is shown here.

9/6/2011