Forex UK - and the housing crisis.

Tuesday, 15 July 2008 15:08
As one learns the phrase "housing crisis" spoke, the U.S. Directly springs to mind. Not without cause, naturally, because the United States housing marketplace is the biggest in the world, and the range of any U.S. housing crisis is certain to overshadow a corresponding dilemma in any other nation, in absolute terms. Simultaneously, let us not forget that costs in the United Kingdom, for instance, started out to fall earlier than in the United States. Additionally, as a editorialist points out, the affect of the UK housing dilemma may be comparatively larger on the United Kingdom economic system. While a few of the statistics he cites are in question, housing and consumer debt could in fact be bigger in the UK than in the United States. As a consequence, the ongoing correction in housing costs would be expected to penalise the United Kingdom to a higher degree than the U.S.. The account may be the same for the Pound, vis-a-vis the U.S. Dollar bill. Currency & marketplace articles: forex uk

[Our analyst] is...a long-term bear about the Brits pound and thinks some rallyings in the money stand for an opportunity to go in short at a more favorable price. Selling the British pound versus the dollar on a 10-12 calendar month time frame might give one of the better opportunities in the money marketplace today.