Perhaps the pound is not doomed after all. Yesterday I wrote that Jim Rogers, co-founder with George Soros of the Quantum Fund, had warned that the pound could collapse “within weeks”.
It turns out he said nothing of the sort:
I did not issue this nor did I say any of it. I am trying to get it corrected. It is outrageous.
In his emails to me, Rogers also points out that a year ago he was quoted out of context, as he said at the time.
It seems Rogers has been sadly misused, and I can only apologise for passing on the press released comments – readers can draw their own conclusions on why it was issued.
Still, I wouldn’t go buying sterling because of this.