Tiny [Pound] Tidbit

Just a note that the Bank of England voted unanimously to leave their form of QE unchanged which should give the poung [GBP] strength, if only temporary.  With improving home sales and economic conditions, it would appear that Britain is also emerging from their recession – hence no extension or increase in their debt-purchasing program [sound familiar?].   Again, talks of their exit strategy to unload their massive debt is to come down the road.  So now their currency will bounce around and become more volatile – same as our greenback and chop, chop, chop will be the name of the game in the equity market as participants shift positions to where they believe the best returns will be found.  Wish they’d tell *us* where that is.

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