The Pound Went Down On "Rapid External Tightening" Which Had Accelerated Dramatically Last Week.
Image Source: Unsplash
Several crucial thresholds were crossed in the week before the flash crash in Britain's pound. China's yuan and India's rupee, two countries with vastly different situations yet both sinking in the same ($) boat along with New Zealanders and also the Brits. But why? It's not about the dollar rising, but what makes it rise. Even Paul Krugman can see it's not the Fed.
Video Length: 00:25:27
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