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Sunday 17 February 2008

Stock market and Sterling exchange rate tomorrow

Following the Northern Rock nationalisation by Dumb and Dumber today, how badly will the stock market and the Exchange rate be affected? I predict a 5% fall in the stock market and Sterling down by at least 10cents against the dollar. Monday will be a very rough day for the markets. Unless of course the markets have already factored in the nationalisation of Northern Rock, we will find out very soon...

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