witchcraft, prediction....or reality, page-4

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The Frogs are pissed at the Poms:

NEW YORK, Jan 21 (Reuters) - The euro trimmed gains versus sterling on Wednesday after French Economy Minister Christine Lagarde said the Bank of England should take more steps to support sterling. For details, see [ID:nPAB004617]

The euro was last up 1 percent up on the day versus sterling at 93.63 pence from around 93.91 pence before.

The pound at one point on Wednesday hit $1.3622, its lowest since September 1985. It since bounced back to trade at $1.3732 but still down 1.2 percent from late Tuesday.

Also on Wednesday a U.K. Treasury source told Reuters the Bank of England's policy is to target inflation and "not the exchange rate."

Psst...(The French have 8x more gold than the UK.....)