February 15, 2013
Britain's Strength Is Its Weakness
Anatole Kaletsky, Reuters
Britain is in the process of transformation from a haven of political and economic stability into one of the world's most unpredictable economies. Small wonder, then, that the pound has again started falling after its modest rebound since 2010. That points to at least one consolation from all the new uncertainties: Britain could again become a quiet winner in the global weak-currency war.