Jim Rogers, one of the world’s best known investors, said last week that the Great British Pound could fall to near parity with the US$ in coming years given Britain’s increasing debt and lack of economic growth saying that the GBP was “finished” and people should avoid investing in Britain, leading to a retort from Prime Minister Gordon Brown that economic policy would not be influenced by speculators. Sterling weakened against the US$ last wek to near a 23 yr low of US$1.3500. Rogers was a co-founder along George Soros of the Quantum Fund, which made more than US$1B betting against the GBP in early 1990s and now is an independent investor based in Singapore.
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