GBP crisis...yawn
#61
Banned
Joined: Jun 2009
Posts: 183
Re: GBP crisis...yawn
I would get out of £ sooner than later, talk of currency crisis like Argentina had, you'll wish you could get 2 nz dollars to the pound in 2011!
#62
Life is what YOU make it.
Joined: Oct 2009
Location: Christchurch
Posts: 3,312
Re: GBP crisis...yawn
Good news The UK is ONLY going to borrow £132 Billion this year not the £170 Billion forecast!
#65
Re: GBP crisis...yawn
Is the GBP utterly ruined? Is 2.1 REALLY good value?????????? If you don't need the money is it worth waiting for the GBP to heal??
#67
Re: GBP crisis...yawn
So, in the light of all the poor press myself and others have heaped upon the beleagured pound, who would NOW change a SUBSTANTIAL amount of GBP at the current crap rate of c 2.13?? Who has the nerve to hang on and see if it can climb to $2.40? Or by contrast who will make a move now afore it slides to south of 2. I remember at $2.50 thinking 'what the hell why don't I do the lot now'..alas I felt that $2.50 was insufferably low and thought it would within a year get back to $2.70 which is the 10 year median. Yeah right. 'Buy high sell low nice but dim Genesis' strikes again. Bollocks, thats what I say.
#68
Re: GBP crisis...yawn
The news today should be seriously good for the strength of the pound. The government now forecasts to borrow a lot less AND Moody's confirming the 'AAA' debt rating means the rates at which they get to borrow the deficeit will be good.
HOWEVER what I have seen is that the FOREX market seems to defy logic. Everytime there is good news the pound seems to plummet....so watch for values below $2.10 today....
HOWEVER what I have seen is that the FOREX market seems to defy logic. Everytime there is good news the pound seems to plummet....so watch for values below $2.10 today....
#69
Forum Regular
Joined: Sep 2006
Posts: 231
Re: GBP crisis...yawn
Personally, I think currency speculators along with hedge fund managers should be hung as traitors!
But watching the pounds constant plummeting to new depths of the exchange rate is not a fun game anymore - aren't we due a good spell soon?
#70
Re: GBP crisis...yawn
The news today should be seriously good for the strength of the pound. The government now forecasts to borrow a lot less AND Moody's confirming the 'AAA' debt rating means the rates at which they get to borrow the deficeit will be good.
HOWEVER what I have seen is that the FOREX market seems to defy logic. Everytime there is good news the pound seems to plummet....so watch for values below $2.10 today....
HOWEVER what I have seen is that the FOREX market seems to defy logic. Everytime there is good news the pound seems to plummet....so watch for values below $2.10 today....
#71
Re: GBP crisis...yawn
So, in the light of all the poor press myself and others have heaped upon the beleagured pound, who would NOW change a SUBSTANTIAL amount of GBP at the current crap rate of c 2.13?? Who has the nerve to hang on and see if it can climb to $2.40? Or by contrast who will make a move now afore it slides to south of 2. I remember at $2.50 thinking 'what the hell why don't I do the lot now'..alas I felt that $2.50 was insufferably low and thought it would within a year get back to $2.70 which is the 10 year median. Yeah right. 'Buy high sell low nice but dim Genesis' strikes again. Bollocks, thats what I say.
But might wait to see if you crack and transer yours soon
Dewb
#72
Re: GBP crisis...yawn
Not if that is what the markets were expecting, or if they were expecting better news it'll get hammered again. Nothing will settle or improve things until the election is sorted now IMHO, and that could derail any improvement/change between now and then, it all depends what the market expect vs what it gets... ish