UK Chancellor Darling says that his economy will grow by year-end.
The sustainability of that growth is what worries the markets, however. Given massive fiscal and monetary stimulus, most of the major economies are seen engineering a second-half rebound. Whether or not they can be sustained is the question.
An octogenarian former US civil-servant says no.
Cable trades at 1.6462; offers are seen scattered from 1.6480 through 1.6500.
