Or does the Old Lady (this time read Mr Tucker) have a tendency to come out and put a spanner in the works whenever it looks like sterling might be lining up for a period of sustained strength. Maybe I’m imagining it……or maybe not.
Merve the swerve: Crap, bloody cable’s above 1.6600 and EUR/GBP threatening to go back below .9000. Tucker go get on the blower and tell The Scotsman we could do further QE if it’s deemed necessary. That should do the trick.
Tucker: Ok Boss
Cable finally steadying, back up at 1.6520 from 1.6489 low.
