The pound sterling has come a long way since its heyday back in the 19th and early-20th centuries. Since then, the dollar has taken its place and — potentially — is itself to be supplanted in the not-too-distant future. Here, I get to grips with the marginalization of the pound as the world’s favorite ‘reserve currency asset’.

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An update of the weekly inflation vs deflation indicators for 10/7/11. After another slightly positive week in the ‘risk’ markets, we find that inflation fears continue to dominate deflation worries.

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