UK PRESS: Two articles in the Times talk about the potential for
relative strength in sterling. The first, by Anatole Kaletsky, draws
comparisons between the fiscal positions in Japan and the UK, noting
Japanese yen strength since the 2002 ratings downgrade, and says
sterling strength may pose a problem for the UK in the year ahead. The
other report, by Bill Emmott – a former editor of The Economist suggests
sterling may perform relatively well against a sinking euro as solving
the problems in Greece weigh on the single currency.