The pound in my pocket
Oct 18th 2016, 8:20 pm
#32
Lost in BE Cyberspace
Joined: Feb 2008
Posts: 5,622
Re: The pound in my pocket
Exactly, as for the pound recovering in 10 years time and the Euro falling, who knows it may be the case it may not. However even if that happens not much good if you are a pensioner that has worked and saved all their life for a nice retirement in the sun to find they have to scrimp to get by for 10 years. However the likes of them are just collateral damage in this as are many of us. It will happen the pound will rise and fall accordingly. There has been realy a lull before the storm post 23 June but now we are starting to see the near future, we just have to hope the politicians get a grip and make it work and that we do see a benefit?
Oct 18th 2016, 9:28 pm
#33
BE Forum Addict
Joined: Jun 2009
Location: Valencia area
Posts: 1,157
Re: The pound in my pocket
Oct 18th 2016, 9:54 pm
#34
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,446
Re: The pound in my pocket
Oct 18th 2016, 10:58 pm
#35
Lost in BE Cyberspace
Joined: Jul 2008
Location: Portlandia Metro
Posts: 7,425
Re: The pound in my pocket
An article from back in 2013 suggests that the pound should come down to $1.05, there are several around that state the pound was over valued. This was years before Brexit.
Pound must be devalued by another third to save economy, experts warn - Economy
Pound must be devalued by another third to save economy, experts warn - Economy
Oct 19th 2016, 6:57 am
#36
Banned
Joined: Feb 2011
Location: Mallorca
Posts: 19,367
Re: The pound in my pocket
10 minutes ago:
The pound is falling again
The pound's rally is already running out of steam after just one day.
Sterling gained on the dollar and euro on Tuesday thanks to a weak dollar and the return of inflation prompting traders to bet against a November interest rate cut from the Bank of England.
But the pound is falling against both the dollar and euro again on Wednesday morning, reverting to type over the last fortnight.
Michael Hewson, chief market analyst at CMC Markets, says in an email on Wednesday morning: "Yesterday's move through the 1.2300 area could have the potential to see further gains towards the previous peaks just below 1.2500.
"A move back below 1.2260 could well undermine that scenario and argue for a move back towards the recent lows at 1.2100."
We are in a precarious position.
Sterling gained on the dollar and euro on Tuesday thanks to a weak dollar and the return of inflation prompting traders to bet against a November interest rate cut from the Bank of England.
But the pound is falling against both the dollar and euro again on Wednesday morning, reverting to type over the last fortnight.
Michael Hewson, chief market analyst at CMC Markets, says in an email on Wednesday morning: "Yesterday's move through the 1.2300 area could have the potential to see further gains towards the previous peaks just below 1.2500.
"A move back below 1.2260 could well undermine that scenario and argue for a move back towards the recent lows at 1.2100."
We are in a precarious position.
Oct 19th 2016, 10:04 am
#39
BE Forum Addict
Joined: Apr 2013
Location: Hampshire coast
Posts: 1,584
Re: The pound in my pocket
Can't say I'm surprised that you're now peddling your anti Brexit propaganda beyond the TIO community. No doubt you'll be holding a street party if Sterling hits parity.
Oct 19th 2016, 10:08 am
#40
Banned
Joined: Feb 2011
Location: Mallorca
Posts: 19,367
Re: The pound in my pocket
Actually, no. Brexit is bad for everyone. There are no winners, only losers.
But that's what Britain voted for, so, I think Britain should accept the consequences.
By the way, why hasn't Britain left yet? It's been months. The people voted. Brexit means Brexit. So get on with it. What's the holdup?
But that's what Britain voted for, so, I think Britain should accept the consequences.
By the way, why hasn't Britain left yet? It's been months. The people voted. Brexit means Brexit. So get on with it. What's the holdup?
Oct 19th 2016, 10:10 am
#41
BE Enthusiast
Joined: Aug 2012
Location: Andalucia Spain
Posts: 672
Re: The pound in my pocket
That is a good point about the dollar if Trump gets in. Clinton is just a Goldman Sachs puppet. Still cannot imagine Trump getting in. The establishmernt wouldn't want that to happen but then somehow Brexit slipped through their fingers too.
Oct 19th 2016, 10:32 am
#42
Started off with nothing
Thread Starter
Joined: Feb 2009
Posts: 4,946
Re: The pound in my pocket
Actually, no. Brexit is bad for everyone. There are no winners, only losers.
But that's what Britain voted for, so, I think Britain should accept the consequences.
By the way, why hasn't Britain left yet? It's been months. The people voted. Brexit means Brexit. So get on with it. What's the holdup?
But that's what Britain voted for, so, I think Britain should accept the consequences.
By the way, why hasn't Britain left yet? It's been months. The people voted. Brexit means Brexit. So get on with it. What's the holdup?
Oct 19th 2016, 12:12 pm
#43
BE Enthusiast
Joined: Mar 2012
Posts: 487
Re: The pound in my pocket
By the way, why hasn't Britain left yet? It's been months. The people voted. Brexit means Brexit. So get on with it. What's the holdup?
Apart from the fact that it is really annoying Juncker which is a bonus (who knows if the courts will overturn his decision not to talk before Article 50 is declared) but May is intentionally playing her cards close to her chest. The Eu negotiations with Canada have gone belly up but surprisingly it seems the UK has an agreement with them ready to sign when they are ready. Likewise institutions and countries are beating a path to Davis's door to negotiate. The laughable thing is that the 'journalists' (there re no longer journalists only researchers) haven't been told anything and instead of going out and doing some real journalism are bleating that they aren't being told anything. Long may it continue.
Pound on 1.1218 this morning
Apart from the fact that it is really annoying Juncker which is a bonus (who knows if the courts will overturn his decision not to talk before Article 50 is declared) but May is intentionally playing her cards close to her chest. The Eu negotiations with Canada have gone belly up but surprisingly it seems the UK has an agreement with them ready to sign when they are ready. Likewise institutions and countries are beating a path to Davis's door to negotiate. The laughable thing is that the 'journalists' (there re no longer journalists only researchers) haven't been told anything and instead of going out and doing some real journalism are bleating that they aren't being told anything. Long may it continue.
Pound on 1.1218 this morning
Oct 19th 2016, 1:02 pm
#44
BE Forum Addict
Joined: Apr 2013
Location: Hampshire coast
Posts: 1,584
Re: The pound in my pocket
By the way, why hasn't Britain left yet? It's been months. The people voted. Brexit means Brexit. So get on with it. What's the holdup?
Apart from the fact that it is really annoying Juncker which is a bonus (who knows if the courts will overturn his decision not to talk before Article 50 is declared) but May is intentionally playing her cards close to her chest. The Eu negotiations with Canada have gone belly up but surprisingly it seems the UK has an agreement with them ready to sign when they are ready. Likewise institutions and countries are beating a path to Davis's door to negotiate. The laughable thing is that the 'journalists' (there re no longer journalists only researchers) haven't been told anything and instead of going out and doing some real journalism are bleating that they aren't being told anything. Long may it continue.
Pound on 1.1218 this morning
Apart from the fact that it is really annoying Juncker which is a bonus (who knows if the courts will overturn his decision not to talk before Article 50 is declared) but May is intentionally playing her cards close to her chest. The Eu negotiations with Canada have gone belly up but surprisingly it seems the UK has an agreement with them ready to sign when they are ready. Likewise institutions and countries are beating a path to Davis's door to negotiate. The laughable thing is that the 'journalists' (there re no longer journalists only researchers) haven't been told anything and instead of going out and doing some real journalism are bleating that they aren't being told anything. Long may it continue.
Pound on 1.1218 this morning
Not forgetting the Juncker groupies on here.
Oct 19th 2016, 1:05 pm
#45
BE Forum Addict
Joined: Jan 2016
Posts: 2,320
Re: The pound in my pocket
It seems that May & Co may do a U turn? > MPs have right to block Brexit deal, no 10 admits