“We believe the pound is going to fall HARD this year”.
That was the warning my colleagues at The Fleet Street Letter issued in November 2007.
Back then not many people listened.
Why would they? The pound had just reached an eye-popping $2.11 – a 26-year high. It was happy days.
Few realised how vulnerable a position we were really in. Even fewer saw where we were headed.
What’s happened since?
Sterling’s dropped around 25% – to its lowest point in 6 years. It’s now hit a new all time low against the Euro.
But while that sounds like a big deal... odds are it’s just the beginning of an even bigger collapse of our currency against most others.
That’s why The Fleet Street Letter has decided to release another urgent warning to British investors.
As you’ll see, there’s still time to act before the pound gets TOTALLY crushed...
http://www.fsponline-recommends.co.uk/fslsterlingcrisis?WFSLJB06
Make no mistake. The omens for sterling look dire.
Last November The Fleet Street Letter team were the only people warning of the serious risks threatening unprepared UK investors.
Now a growing chorus of market-watchers and economists say the pound has further to fall:
- af Laidi of CMC Markets warns that recent events are “a serious blow to the pound’s role as a central bank reserve currency...”
- hael Dicks of Barclays Wealth says “We expect sterling to keep falling... the likely reaction from the Bank of England in terms of rate cuts, will put sterling under pressure...”
- Stephen Hallmark at Citigroup says “political uncertainties and worries about the United Kingdom’s soaring fiscal deficit in the run-up to the next election also are likely to weigh on the pound.”
Fact is... Britain imports more than it exports. As the pound falls, everything we import gets more expensive.
It will push up the cost of living – and the cost of doing business.
As the economy continues to deteriorate more and more investors will sell their sterling denominated positions.
The little we do manage to save will get hit by double whammy of high inflation – still above the target of 2%, the Bank of England’s golden rule...
And now thanks to the huge rate cuts of last week, things could get a whole lot worse. act, just another 0.5% cut could tip our currency over the edge
It threatens misery for British savers, consumers and spells disaster for the economy.
But you CAN prepare yourself for what’s to come.
This special “profit and protection” report explains exactly how you could defy the downturn and actually grow your wealth in the years ahead.
http://www.fsponline-recommends.co.uk/fslsterlingcrisis?WFSLJB06
Most ordinary investors don’t even know this kind of financial “escape plan” exists.
But Fleet Street Letter readers do – they’ve already been told about it, along with what to do. They are already making money as sterling crashes.
If you haven’t already, I urge to read what they have to say before the pounds falls any further.
I’m gravely concerned with the way things are going… as you’ll see in this report, you should be too.
Regards,
Frank Hemsley
For Fleet Street Daily
P.S. The time to protect your wealth against the death of the pound is NOW. Click on the link below and discover the ONE investment you should make immediately. This investment has actually gone up in value whilst the pound has fallen over the last year. Not only that – you will actually be PAID to hold it:
http://www.fsponline-recommends.co.uk/fslsterlingcrisis?WFSLJB06
P.S. If you enjoyed this article then we encourage you to sign up for The Fleet Street Letter. Get contrarian, cutting-edge analysis for sensible, long-term investments that secure you high growth and healthy dividends.
