Alasdair Macleod: The fate of the pound sterling

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By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, October 29, 2020

This is the third in a series of articles focused on the outlook for major currencies.

The first concluded that the U.S. dollar is already on the path of monetary hyperinflation. The second concluded that the euro system is close to collapse as a consequence of a combination of the failure of commercial banks and the TARGET2 settlement system, likely to collapse the currency itself.

... Dispatch continues below ...



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With its systemic exposure to the eurozone, sterling is likely to be a casualty of the failure of the euro system and shares the monetary hyperinflation characteristics of the dollar.

The Bank of England is copying U.S. monetary policies and will find it increasingly difficult to prevent the pound from escaping the same fate as the dollar. ...

... For the remainder of the analysis:

https://www.goldmoney.com/research/goldmoney-insights/the-fate-of-the-po...

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