Jim Rogers has stated that he will not be buying the Pound unless it gets really cheap. The U.K. trade deficit is one of the main reasons that Rogers will be avoiding the currency. He also said that it is unlikely that he will buy the currency again in his life. These are powerful words coming from an investor who is widely respected.
To read a Bloomberg article, please click here:
http://www.bloomberg.com/apps/news?pid=20603037&sid=a4U6lUAqqAVw
James Sutliff