"Universal International Ventures"-International Markets-[Investors Sell Britain]

Online, April 9, 2010 (Newswire.com) - "Universal International Ventures", believes that financial markets have effectively stopped listening to UK Chancellor of the Exchequer, Alistair Darling whose Budget address in Parliament did little to persuade investors that the government is committed to tackling the burgeoning deficit.

Sources close to "Universal International Ventures" said that investors were now paying more attention to what the Budget didn't deal with. They were looking for specific areas that would have spending cuts imposed but none were forthcoming.

Analysts at the Asia-based broker-dealer said that investor reactions might have been markedly different if the Labour Party led by Gordon Brown had no chance of winning the May 6 general election but with the genuine prospect of a hung Parliament on the horizon, markets took the proposals outlined at face value and sold sterling, dumped bonds and sent yields higher.

One of the analysts cited the fact that Mr. Darling had effectively said the government would not make hasty cuts in spending that could derail the fragile economic recovery.

"Universal International Ventures" has advised its clients to continue disposing of sterling in favor of precious metals and alternative currencies like the Australian or Canadian dollar. Clients who heeded this standing advice have seen sterling plunge from C$1.90 to C$1.52 in 9 months whilst those who bought gold around the same time would have seen gains of £200 per ounce today.