Boris Johnson Crashes British Pound or Wins Currency War? VideoCurrencies / British Pound Feb 24, 2016 - 12:43 AM GMT
According to the mainstream media Boris Johnson's declaration to campaign for Britain to leave the European Union has triggered market panic head lines right across the mainstream press spectrum that demonstrates the magnitude of the depth of their ignorance of markets from the likes of the BBC, to Channel 4 News to the myriad of dieing broadsheet publications such as the FT, all in unison propagating headlines such as 'Boris Johnson Causes a Run on the Pound' that followed a 3 cent dip against the US Dollar on rising BrExit fears as though this was catastrophically bad news, though conveniently ignoring the fact that the FTSE actually closed higher on the so called BrExit panic Monday.
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By Nadeem Walayat
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Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.
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