Bill Gross: UK 'decently positioned' to escape debt crisis

Pimco managing director Bill Gross, who in January said gilts were "resting on a bed of nitroglycerin", now believes the UK is "decently positioned" to escape its debt crisis.

While the UK remains on Pimco's ‘must avoid' list, he says Britain has some advantages over Greece in the fight to avoid similar debt pressures. Gross believes by having its own currency and proactive...