time is limited atm (house moving mode !) but i'll get time hopefully over next few days and put my case down the best i can.
look into my box and i'll address it to you. easier to find that way. just in case we are not online at same time.
fwiw the usd and £ crosses using my own record data back to 74, taking daily money mkt % rates and ave yr inflation into consideration for their respective countries and offsetting it, then the $ / £ rates are currently bang in tune. ie we do not have a weak or strong dollar v pound. i'll explain later. i'll try to remember to incl other currency crosses. the £ / AUD are close too.
in some of my previous posts i have tried to say why i think berney is clever. i'll put this in again and try to get my view across fwiw. i may be totally wrong but i do see it differently. i am a great fan of steven roach but this time do not agree with him so much. and boyo, i have made big mistakes before and i may again.