Sterling faces destructive ‘triple cocktail’ in 2013

Sterling will weaken this year as Britain faces a potentially testing triple cocktail of destructive factors, says HSBC. “The pound’s fiscal credibility is under threat as a sovereign downgrade looms,” the bank said in its 2013 HSBC View published on Monday. Alongside that, the bank says austeri…

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Sterling faces destructive ‘triple cocktail’ in 2013 – HSBC

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