5.10.16

British pound

In July, we wrote a post about the future of the EURGBP or EUR/GBP (post here). So far, we've been absolutely right as we can see on the chart below:
We all have read that against the USD the situation is more dramatic for the pound, but nothing to worry about. As we explained in the case of Argentina, the British stock market is doing great because either British people prefer to own shares of a company to their currency or foreign investors find good deals in international British companies traded in the UK.