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Sterling panic = cage fight: market vs the state

posted by Avatar whatadous 816 days ago in USD, GBP, Technical made popular 816 days ago

Sterling plummets to $1.47. Cue orchestrated panic in sections of the press. Analysts bombard me with e-mails saying the currency is "facing the abyss". Highly paid economists weigh in to remind the government - current and incoming - to slash the wages of low paid public servants, close museums and let social housing crumble.
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