ForexLive theorizes that news of the UK's investigation into Goldman Sachs is causing the pound to be hammered in late Sunday trading.
Seems plausible, the idea being that PM Brown's political needs will
prompt him to undermine the country's safehaven, pro-finance status.
(This is all there was at the link for the article [pretty short, huh?] So, I'll give a little input/opinion on this matter for a little extended read.)
Basically, what's happening here, is Prime Minister Brown ('search engine': Brown's Bottom) has come to the conclusion, that his political status is more important, and even worth more than the very currency that runs his country and got him to position he is in now. Also, Gordon Brown and the others in London have seem to have forgotten who they're dealing with. You don't just sick the SEC on a group of Terrorist thugs (Goldman Sachs) and not expect some sort of retaliation People who have the power to manipulate a nations economy and it's currency's value (Goldman Sachs JP Morgan) are probably the last people you want to anger, or have them get angry at you (in this case Gordon Brown). When a group of Banskter Criminals are armed to the teeth with Weapons of Mass Financial Destruction, the capability of taking down your country financially over night via high frequency trading, CDOs, Synthetic CDOs, insider trading schemes, corrupt misused derivatives, and hedge funds it's probably best not to do so, for the sake of your own good.
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