But if sterling's strength isonlytemporary, as the Bank believes, then as it weakens inflationary pressures and interest rates can be expected to rise.
But by taking them as collateral for temporary loans and at a discount, it would lose money only if there is a bankruptcy among the market-makers borrowing Treasury bonds.
But the Obama Administration isonly at the beginning of its economic learning curve--although it might be able to swallow a temporary cut of expatriate profits.
Most industries don't have a good way to hire a steady supply of foreign workers because there's one temporary visa program for low-wage nonagricultural workers but it's capped at 66, 000 visas per year and isonly supposed to be used for seasonal or temporary jobs.