Jean-Michel Six, chief European economist at Standard & Poor’s, forecasts that the euro will push through $1.60 by the end of September and pass the parity level against the pound about the same time.The funny thing is, I'm not a fan of this "quantitative easing". They might just as well call it "debasing the dollar" (or pound).
Doesn't matter, though. Right now it's much more attractive to an American company to look at the UK for their investment and it's more attractive for shoppers from here to head over the border for their clothes, food, cigarettes, alcohol, etc. How much more attractive will it be when the euro hits $1.60 and the pound is worth less than €1. We're in a bind.
