GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Sunday, January 8, 2017

The British Pound Losing Value Against Major Currencies

According to a report by Lloyds Private Banking, the British currency’s biggest declines were against the Brazilian Real and the Russian Rouble, with around a 28-percent fall. The report says the Pound declined in value against some 55 out of the 60 currencies the bank analyzed in the six months before and after Britain’s vote last June to exit the E-U. The British Pound is also expected to struggle through 2017, amid rising inflation and protracted uncertainty among businesses regarding the country's future trading relationship with Europe following Brexit. A similar report in 2015 showed the Pound had been gaining against more than three-quarters of the currencies surveyed.

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