Friday, February 26, 2010

Attention Bears: UK's budget deficit same as Greece

At slightly more than 12 per cent of gross domestic product Britain's budget deficit is the same as Greece's.
Short sellers that have profited from the Euro are now taking huge bets on the pound, which is already down 8 percent this year against the dollar.

The entire story can be read here:

http://www.theglobeandmail.com/report-on-business/economy/short-sellers-take-aim-at-pound/article1486002/

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