George Osborne lacks vision and Vince Cable is not up to the job, claims Lord Sterling

GBPUSD (Cable) just cracked back below 1.50 and is trading at its lowest since July 2010 as The FT reports that it appears George Osborne (British Chancellor) is paving the way for Mark Carney (Bank of England governor) to follow the so-called 'Merkel-Draghi wager' that Europe is dangerously betting on.

The man hand-picked by George Osborne to run the Bank of England has fuelled speculation that he will order a policy revolution to jump-start the stalled British economy as fears grow of a triple-dip recession, reports The Guardian.