Author Jon Hilsenrath, uses this article to discuss the thoughts and ideas of the Bank of England’s Governor, Mervyn King, concerning the future currency rates from around the world, especially being used competitively by nations, in a global attempt to stimulate economic growth and stability. Hilsenrath, wrote this article in order to give an idea of what to expect concerning currency rates and the future of the global economy. Hilsenrath, begins this article by stating that the Bank of England’s Governor, Mervyn King, believed that 2013 would become a difficult economic year likes it’s preceding, and offered a prophesy that many nations would turn to lowering their currency exchange rates in order to act competitively with other nations
