Britain should embrace weaker pound and it needs to fall further, says former BoE governor and currency guru

[Ambrose Evans-Pritchard | October 10, 2016 |Telegraph] The slump in sterling is a blessing in disguise after years of overvaluation and helps to break the corrosive stranglehold of the financial elites over the British economy, according to a former bail-out chief for the International Monetary Fund. “It is desirable from every point of view. The idea that Britain…