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How low will it go?
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By *r.BlondeMan
over a year ago
Chester/Wirral |
"GBP dipped below 1.3 today against the $USD and the trajectory is still negative.
Seems like a lifetime ago at the end of 2007 and early 2008 when I got $200,000 for £100,000."
Depends how long Trump is in power |
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The dollar is riding high on some trump trade policies, however those trade policies have started to anger some major buyers of us dollar and they've started to make a switch so I wouldn't expect the dollar to make much more ground against sterling. |
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"Buy Turkish...never being so good ... all negative . Flying high in my bizz tk u ....keep talking everything down and u soon believe it yourself.. ...x
And in English that means?
-Matt"
(quick translation)
Stop moaning for god's sake!  |
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Cancelling the Brexit vote in the House of Commons spooked markets into thinking a Corbyn government may be a step closer. Businesses and investors and more scared of a Corbyn led government than they are of Brexit. |
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By *ara JTV/TS
over a year ago
Bristol East |
"Cancelling the Brexit vote in the House of Commons spooked markets into thinking a Corbyn government may be a step closer. Businesses and investors and more scared of a Corbyn led government than they are of Brexit. "
Are you forecasting a rise in the value of the £ or a reduction in the value of the £ in the event of your favoured outcome - an exit without any agreement? |
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By (user no longer on site)
over a year ago
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The way things are looking Ms May might well be angling towards a No BREXIT. This would be the ultimate act of betrayal that will see her go down in history as a traitor.
There is no way on earth that the deal she agreed with the EU will make it through the house. She knows this, and at this late stage of the game has put No BREXIT on to the table. It cannot be a coincidence that the EU have just announced that the UK can choose to remain unilaterally.
It is all looking like the government has been plotting this from the very beginning.
Shame on them! |
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By (user no longer on site)
over a year ago
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the retarded right have made yet another mess of the economy .... no surprise there though ... the righties have always managed to come to power and turn the country to shit instantly .... the chickens have come home to roost and the economy is circling the drain again ... just as predicted 2½ years ago |
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By (user no longer on site)
over a year ago
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"GBP dipped below 1.3 today against the $USD and the trajectory is still negative.
Seems like a lifetime ago at the end of 2007 and early 2008 when I got $200,000 for £100,000. Depends how long Trump is in power"
Because as soon as he loses power, the dollar gets stronger and the exchange rate gets worse. |
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By (user no longer on site)
over a year ago
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"The way things are looking Ms May might well be angling towards a No BREXIT. This would be the ultimate act of betrayal that will see her go down in history as a traitor.
There is no way on earth that the deal she agreed with the EU will make it through the house. She knows this, and at this late stage of the game has put No BREXIT on to the table. It cannot be a coincidence that the EU have just announced that the UK can choose to remain unilaterally.
It is all looking like the government has been plotting this from the very beginning.
Shame on them!"
Yes, two years ago the country voted for Brexit
Now we know what that means, May's deal is the only one on the table. It's that (bad for the country), no deal (worse for the country and not legal) or stay (actually pretty good for the country).
It would make for a great drama but for the fact that we're living through it. |
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"The way things are looking Ms May might well be angling towards a No BREXIT. This would be the ultimate act of betrayal that will see her go down in history as a traitor.
There is no way on earth that the deal she agreed with the EU will make it through the house. She knows this, and at this late stage of the game has put No BREXIT on to the table. It cannot be a coincidence that the EU have just announced that the UK can choose to remain unilaterally.
It is all looking like the government has been plotting this from the very beginning.
Shame on them!"
Yes it's looking more and more like it was the plan all along!  |
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By *oo hot OP Couple
over a year ago
North West |
"The way things are looking Ms May might well be angling towards a No BREXIT. This would be the ultimate act of betrayal that will see her go down in history as a traitor.
There is no way on earth that the deal she agreed with the EU will make it through the house. She knows this, and at this late stage of the game has put No BREXIT on to the table. It cannot be a coincidence that the EU have just announced that the UK can choose to remain unilaterally.
It is all looking like the government has been plotting this from the very beginning.
Shame on them!"
For sure. If you inhabit the lunatic fringes of dark conspiracy web site pages, you would of course believe that this was a long game plot whose only purpose was to waste £billions and to fuck with the heads of everyone in the country for absolutely no reason whatsoever. |
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By *oo hot OP Couple
over a year ago
North West |
Bloomberg today intimating that the GBP could get to parity with the USD as confidence in the currency evaporates by the day.
This is really, really important stuff as the Govt holds a huge amount of foreign debt - irrespective of the issues of such a significantly devalued currency will have on the ordinary person.
The question is - what will Boris do? Will he seize control of the Bank if England to force interest rates up to protect the Govt (and shaft the millions of ordinary mortgage holders in the country). Or will he allow the Bank of England to retain its independence and watch them devalue the currency even further by reducing interest rates as they seek to protect the economy?
All we need now is a massive spike in oil prices caused by an unforeseeable conflict in the Gulf and we really will be in for a wild ride.
#BrexitWin |
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By (user no longer on site)
over a year ago
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"Bloomberg today intimating that the GBP could get to parity with the USD as confidence in the currency evaporates by the day.
This is really, really important stuff as the Govt holds a huge amount of foreign debt - irrespective of the issues of such a significantly devalued currency will have on the ordinary person.
The question is - what will Boris do? Will he seize control of the Bank if England to force interest rates up to protect the Govt (and shaft the millions of ordinary mortgage holders in the country). Or will he allow the Bank of England to retain its independence and watch them devalue the currency even further by reducing interest rates as they seek to protect the economy?
All we need now is a massive spike in oil prices caused by an unforeseeable conflict in the Gulf and we really will be in for a wild ride.
#BrexitWin "
.
A spike in oil prices works well for the UK as an exporter, a low spike in the currency works well for the UK export market, everything else it becomes a shitter for, buying BMW's, holidays in Florida, eating Italian ham, avocados in your mixers, cheap flights to cap d adge, buying illegal drugs.
It will all be up up up |
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By (user no longer on site)
over a year ago
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"GBP dipped below 1.3 today against the $USD and the trajectory is still negative.
Seems like a lifetime ago at the end of 2007 and early 2008 when I got $200,000 for £100,000."
One person's gain is another person's loss. British exporters will not be too upset by the movement nor will the tourist industry or any UK resident bringing money in from abroad to spend in the UK. |
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By *oo hot OP Couple
over a year ago
North West |
"GBP dipped below 1.3 today against the $USD and the trajectory is still negative.
Seems like a lifetime ago at the end of 2007 and early 2008 when I got $200,000 for £100,000. One person's gain is another person's loss. British exporters will not be too upset by the movement nor will the tourist industry or any UK resident bringing money in from abroad to spend in the UK."
British exporters in the main, import their raw materials those raw materials are becoming more expensive. The much anticipated tourist inward rush as predicted by many on here and elsewhere failed to materialise in 2017, 18 or this year. You are right however about British residents bringing money back from abroad - I wonder what percentage of the population that will be and what demographic?
Ordinary people are importers because they are consumers. The Govt suffers with a weakening currency because their foreign debt becomes more expensive to service.
Surely your specialist magazines have educated you to the fact that a currency is seen as a pulse of the health of a nation. Too high is no good, and too low is no good.
The trajectory remains downwards and that is a poor prognosis generally for the state of the health of the nation. |
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By *mmabluTV/TS
over a year ago
upton wirral |
"Cancelling the Brexit vote in the House of Commons spooked markets into thinking a Corbyn government may be a step closer. Businesses and investors and more scared of a Corbyn led government than they are of Brexit. "
 very very true |
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By (user no longer on site)
over a year ago
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"GBP dipped below 1.3 today against the $USD and the trajectory is still negative.
Seems like a lifetime ago at the end of 2007 and early 2008 when I got $200,000 for £100,000. One person's gain is another person's loss. British exporters will not be too upset by the movement nor will the tourist industry or any UK resident bringing money in from abroad to spend in the UK.
British exporters in the main, import their raw materials those raw materials are becoming more expensive. The much anticipated tourist inward rush as predicted by many on here and elsewhere failed to materialise in 2017, 18 or this year. You are right however about British residents bringing money back from abroad - I wonder what percentage of the population that will be and what demographic?
Ordinary people are importers because they are consumers. The Govt suffers with a weakening currency because their foreign debt becomes more expensive to service.
Surely your specialist magazines have educated you to the fact that a currency is seen as a pulse of the health of a nation. Too high is no good, and too low is no good.
The trajectory remains downwards and that is a poor prognosis generally for the state of the health of the nation."
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Governments pay out in their own currency not dollars or Euros or yen.
You buy bonds issued in GBP and they pay out in GBP.
When the pound is low foreign investment tends to be high because they have a currency leverage.
If you don't know the basics of monetary policy I suggest you read up.
Don't bother with fancy magazines just Google it, it's not rocket science  |
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By (user no longer on site)
over a year ago
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Oh by the way, I understand your a business genius but raw materials rarely come from the high currency markets ie not Europe or the usa, more likely Russia, Africa, South America.
The GBP is doing fine against most of those. |
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By *ony 2016Man
over a year ago
Huddersfield /derby cinemas |
"Cancelling the Brexit vote in the House of Commons spooked markets into thinking a Corbyn government may be a step closer. Businesses and investors and more scared of a Corbyn led government than they are of Brexit. very very true"
. Owen Jones put a good twittery message on his twittery thingy showing a Tory campaign graph of the disastrous effect electing a Corbyn Labour government would have on the £ .... Adding an apology saying he got it wrong, it was a graph of what had happened today |
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The dollar is one component but the awful UK policy of leaving the EU, our major trading partner, will be more fully factored in as the date gets closer, as well as the hard right blinded move for mo deal. This seems more likely to get the £to parity with the dollar. It's terrible for the economy and the more valuable dollar will affect much of what you buy. All travel abroad will become much more expensive due to exchange rates and spending power will crash in that scenario.
The majority prefer to remain but hard right extremists want the most extreme Brexit, the opposite of public desire. |
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By *oo hot OP Couple
over a year ago
North West |
"GBP dipped below 1.3 today against the $USD and the trajectory is still negative.
Seems like a lifetime ago at the end of 2007 and early 2008 when I got $200,000 for £100,000. One person's gain is another person's loss. British exporters will not be too upset by the movement nor will the tourist industry or any UK resident bringing money in from abroad to spend in the UK.
British exporters in the main, import their raw materials those raw materials are becoming more expensive. The much anticipated tourist inward rush as predicted by many on here and elsewhere failed to materialise in 2017, 18 or this year. You are right however about British residents bringing money back from abroad - I wonder what percentage of the population that will be and what demographic?
Ordinary people are importers because they are consumers. The Govt suffers with a weakening currency because their foreign debt becomes more expensive to service.
Surely your specialist magazines have educated you to the fact that a currency is seen as a pulse of the health of a nation. Too high is no good, and too low is no good.
The trajectory remains downwards and that is a poor prognosis generally for the state of the health of the nation..
Governments pay out in their own currency not dollars or Euros or yen.
You buy bonds issued in GBP and they pay out in GBP.
When the pound is low foreign investment tends to be high because they have a currency leverage.
If you don't know the basics of monetary policy I suggest you read up.
Don't bother with fancy magazines just Google it, it's not rocket science "
So the U.K. Govt pays the E.U. in £GBP?
What about the loans it has in both Euro’s and $USD?
As you say it’s not rocket science - but it does take a bit more than a simple google search to get to it.
By the way - if you want to dig a little deeper. Take a look at the landscape around the time the U.K. took the begging bowl to the IMF. |
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By *oo hot OP Couple
over a year ago
North West |
"Try to lay off the Ganga though, it doesn't help with taking in basic facts "
I would say that is a breach of the rules of this site. Commenting on a UV reflective item of clothing that was bought in Amsterdam and drawing inappropriate conclusions. Commenting on the forum on another’s persons behaviour is not allowed - particularly if you just make it up. It’s not the first time - but it needs to be the last time. |
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By *oo hot OP Couple
over a year ago
North West |
"Oh by the way, I understand your a business genius but raw materials rarely come from the high currency markets ie not Europe or the usa, more likely Russia, Africa, South America.
The GBP is doing fine against most of those. "
Again - maybe a bit deeper than simple google. Most bulk raw materials are priced in $USD irrespective of their origin.
There is no benefit to this country to have a failing currency. |
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By (user no longer on site)
over a year ago
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If the pound falls anymore against the dollar when brexit happens a free trade deal with the US will be worthless to the UK and a massive win for the Americans.
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Deputy Governor of the Bank of England recently said, "There is some sense of slowing, some sense that the world economy is having an effect. But it’s not a story of a recession and sharp drops in demand."
I’m trying to work out how low the pound has to go before the importers and in turn the retailers will have to push up prices.
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