Quote of the day

'Whenever I'm asked a question about foreign currency, my answer is always that the markets will go up and they will go down.' Goldman Sachs chairman Jim O'Neill's slightly facetious response to a question about the fate of the euro at the CBI Conference. 'These are some of the most unpredictable markets I've ever seen,' he added. 'There are fundamental things wrong with the structure and leadership of the EU. But just because the economics hasn't worked, that doesn't mean the EU is finished. But the euro,' he said with a smile, 'That will go up and down.'

by Rebecca Burn-Callander

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